News 2008 March 12

Gazpromneft to invest RUR6.3 billion into oil refining

Lukoil Overseas purchases 100 % of SNG Holdings Ltd in Uzbekistan

Rosneft to hold annual shareholder meeting

Throughput of Ventspils port up 15.6%, y-o-y, in Jan-Feb 08, to 5.4 million tonnes

Baltic Plant OJSC manufactured heat exchanger for China's NPS

Throughput of Petersburg Oil Terminal up to 1.8 million tones in Jan-Feb 08

AP Moller-Maersk North Sea oil production down in Feb from Jan

Bulk shipping carrier Hellenic Carriers net income triples in 2007

German court authorizes construction of a new container terminal in Wilhelmshaven

Tianjin 300,000-tonnage crude oil dock to start operation in September 2008

Maersk Line upgrades MECL2 service

Mitsubishi Heavy plans to double shipbuilding profit

Throughput of Kotka port up 7.7% y-o-y, in Jan-Feb 08, to 1.7 million tonnes and 91,500 TEU

Kaliningrad railways hold talks with head of Deutsche Bahn in CIS

Throughput of Tallinn port down 32.5%, y-o-y, in Jan-Feb 08, to 5 million tonnes

Throughput of Vanino Commercial Seaport up 11.1%, y-o-y, in Jan-Feb 08, to over 1 million tonnes

PRISCO Training Center obtains a license of the RF Ministry of Civil Defense and Emergency Response

Throughput of Commercial Port of Vladivostok up 56%, y-o-y, in Jan-Feb 08, to 950,800 tonnes

Commercial seaport of Mariupol down 52% y-o-y, in Jan-Feb 08, to 1.268 million tonnes

Vessel congestion puts pressure on Panama bunkers

Asia-West Africa Trade Agreement to raise rates from April 15

Tianjin port to be expanded to 100 square kilometres by 2010

Japanese logistics companies expand network in China

D/S Norden reports revenue of USD 2.93 billion in 2007

Port of Tallinn extends tender period

Oil price up to $105.25 in London and to $108.75 in New York

Hemas enters maritime business with Far Shipping Lines Singapore

China Merchants to buy $119 mln Ningbo port stake

Russia generated USD12 billion from oil exports in January