News 2008 March 17

RTL Group signs contracts with Peugeot, Citroen and Nissan on delivery of automobiles to Russia

Construction of highways to grow 3-5 times in 2015-2020 - Ministry

K+N may get involved in bid for Hapag Lloyd

“K” Line signs $2Bn bulk deal with Jindal Group

Onega terminal to raise transshipment of automobiles from 800 to 1,500 units

Ports of Azov-and-Don Basin decreased throughput by 42.7%, y-o-y, in Jan-Feb 08, to 658,400 tonnes

Krasnoye Sormovo Shipyard launches third tanker project 19619 for Pamali Group

SOCAR to start construction of dry cargo and LPG terminal in 2008

Over $6 bln to be invested into Russkiy Island development before the APEC Summit

Rosneft redeems second tranche of large loan

Oil price down to $110.21 in New York, without any changes in London

Gazprom Neft acquires assets in the port of Primorsk for bunkering business development

Two vessels flying Cambodian flags detained at Russia F East coast

CMA CGM rises net income by 58% to $966m in 2007

Sri Lanka Ports Authority and Denmark Contractors signe MOU for the construction of Oluvil Port

Gwadar Port starts cargo handling from March 15

Shanghai port ups foreign trade by 20% to $91.06 billion in Jan-Feb

Tanzania to expand Dar es Salaam cargo terminal for $62m

Nippon Yusen, Kawasaki Kisen decline on stronger yen

Mordashov plans to hike his stake in TUI AG to at least 10 pct

China Merchants Group has plans to introduce cold ironing at the company's ports

MSC to start Yantian- LA weekly Condor Express with Maersk slot charter

Sinotrans profit up 18pc, but container business revenue off 9pc

Kuehne + Nagel posts 2007 profit rise of 15pc to US$515 million

Container throughput of Latvian ports up 22%, y-o-y, in Jan-Feb 08, to 40,500 TEU

Qatar Gas Transport Co plans to become the operator of world's biggest LNG fleet by 2010

Foreign investment in Russia could exceed last year's figure