News 2008 March 27

APM Terminals and Port of Rotterdam sign five-year co-operate agreement

Sinotrans posts net profit surge 30% to US$114.57 million in 2007

China revenue from supply chain business soars 26% in 2007

Vinalines to invest $3b on fleet, ports and logistics

Saudi Arabia earmarks $8b for port development

US railroads sued for alleged price-fixing

Georgia, Russia resume sea links

PSA starts operations in the Pakistani port of Gwadar

Container freight rates from Japan to Europe to rise

CSCL, OOCL, ANL to upgrade north Asia-Australia AANA service

China Shipping to spend $3.3 bln on vessels over the next five years

Khabarovsk proposes new Russian-Chinese transport route

IMA reports global rise in production of floaters

Panamanian Container Consultants expects to reach 33% global market share in 2008

Maersk Line stops NASA service