News 2008 March 18

Transportation by RF inland waterways up 9.5% in 2007

Loading of West-Siberian Railway up 7.5%, y-o-y, in Jan-Feb 08

Grindrod acquires Bay Stevedores

Santos' container terminal starts a $100 million expansion project

Owner confirms Somali pirates release Russia-bound vessel

Singapore port expansion to boost capacity by 40%

China State Shipbuilding reports 140% jump in net profit in 2007

ABG Shipyard (India) receives subsidy from government

Mitsubishi Heavy plans to double shipbuilding profit next fiscal year

Finland's Sunborn to shift shipbuilding activities to Malaysia

Sovcomflot reaches a co-operation agreement with Gazflot

Gazprom Neft aims to up market cap to $100 billion by 2020

Throughput of Ventspils nafta terminals up 30%, y-o-y, in Jan-Feb 08, to 2.5 m t

EU experts return to ecological consequences of oil spill in Kerch Straight

Belarus, Russia, Kazakhstan adopt plan of action for formation of Customs Union

Midland Shipping Company Ltd. expands its fleet of dry cargo carriers

Coal handling up 39.2%, y-o-y, in Jan-Feb 08 in Latvian ports

China to build sixth preferential tax zone

Throughput of Archangelsk Sea Commercial Port up 19% in February 08 to 203,000 tonnes

Evergreen upgrades Far East/Adriatic service with bigger ships

Hamburg Sud and Maersk Line to establish new Oceania - N America service

EU mulls check on every frozen shrimp container from Bangladesh

Alloga expands logistics territory into Greece and Cyprus

Kalmar wins order from Hanjin Shipping

Oil price down to $101.75 in London and to $101.84 in New York