News 2008 March 6

Ukraine’s Ministry of Transport and Communications works out new conception for port development

Throughput of commercial seaport of Kaliningrad up 18.6% y-o-y, in Jan-Feb 08 to 928,900 tonnes

Birkart Globistics expands in Korea

China Shipping to spend $2.8 bln to double capacity

US Customs repeats committment to 100% scanning

Saudi Arabia announces 50% decrease of port charges

K + N takes over operation of Beiersdorf's Hamburg logistics hub

Asian aframax hire rate may drop on lower fees for big tankers

Commercial seaport of Ventspils completes terminal modernization for EUR 2.6 million

TUI-NOL merger talks near collapse

Venture Capital Bank invests $166m in the shipping JV

Japanese shipbuilders JFE, Hitachi Zosen Corp. and IHI plan to join operations

Russia extends grain exports restriction

Iron ore demand drives up Baltic Dry Index

CEVA releases first annual report of merged company

Throughput of NCC terminals up 24.5% y-o-y, in Jan-Feb 08 to 270,849 TEU

Germanischer Lloyd launch Container Terminal standards and audit system

Lukoil reserves some 16 bln barrels of oil and about 28 trln cubm gas

Container throughput of Odessa commercial seaport up 25.7% y-o-y, in Jan-Feb 08 to 77,250 TEU

Ukraine's Naftogaz says ready to pay debt to Gazprom

Maersk halts new orders for congested Tanzanian port

Throughput of Commercial Seaport Yuzhny up 0.8% y-o-y, in Jan-Feb 08 to 3.45 million tonnes

Throughput of Vladivostok Container Terminal up 47% y-o-y, in Jan-Feb 08 to 33,690 TEU

Throughput of Vostochny Port OJSC up 19% y-o-y, in Jan-Feb 08 to 2.45 million tonnes

Major Indian ports traffic up 12.16% in 11 months

OOIL net soars 338pc with boost from container port sales

ITD Cementation India Limited bags Rs 112cr order for Iron Ore Port Terminal

Nacala port (Mozambique) to build container terminal

China's COSCO plans to list oil tanker fleet

Oil price up to $101.64 in London and to $104.52 in New York

Daewoo Shipbuilding reports 5-fold rise in net in 2007