News 2008 February 29

EU authorises a reduction in excise duty on diesel fuel used by German stevedores

Hamburg Sud, Hapag-Lloyd, Hyundai Merchant Marine and APL to expand services between Asia and Australia

Stolt-Nielsen Q4 profit rises 7% in Q4 2007

Rotterdam ups biofuels throughput to 1.2 million tonnes in 2007

Krasnoye Sormovo lays down five tankers of New Armada type for Palmali

Russia, Belarus: new cargo transit scheme

AVTOVAZ and Renault sign partnership agreement

Shipyard "Yantar" JSC to launch construction of several vessels

ESPO-2 to be presented on March 5 in Khabarovsk

PRISCO transports 14 160 000 tons of bulk liquid cargoes in 2007

North Korea proposes to reduce cross border service

German group bids $340 mln for Bulgarian Navibulgar

Euronav enters FSO market

Hoegh LNG and CB&I Lummus conclude strategic partnership for LNG FPSO

WTSA to boost rates to recover US-Asia fuel costs from April

Oil price up to $100.90 in London and down to $102.45 in New York

Novoship elects new Board of Directors headed by Sergei Frank