News 2008 April 11

North Western Shipping Company to raise income from cargo transportation by 10% to $122.45 mln in 2008

New Mangalore Port handled 36.02 million tonnes in fiscal year 2007-08

Port of Montreal expects 10% growth in 2008

Kazakhstan Senate ratified UN Shipping Convention

International Energy Agency revises oil product demand down to 87.2 mb/d in 2008

Negotiator says Russia could complete WTO talks within 3-5 months

Russia to supply 100,000 t of wheat to Mongolia

Russia to increase grain export to 30 mln tonnes - minister

FESCO launches regular container service Vostochny-Novosibirsk

Throughput of Sea Port of St. Petersburg down 11% to 2.4 mln t in Q1 08

Ukraine’s Ministry of Transport proposes privatization of two state shipping companies

Class Societies ABS and RS to develop rules for Arctic gas carriers

Staatsolie offers low-sulphur bunkers

5 vessels stand idle in the port of Vladivostok due to slow operation of customs

Dubai World picking banks to arrange $5 bln loan-banker

Grand Alliance to launch a new EU5 Service and update its Far East service

Cosco's China-EU service makes first call at Lianyungang

TNWA to launch new west Mediterranean (MED) service

PRISCO began construction of 50,000-tonne tankers at STX Shipyard in S. Korea

Oil price down to $108.2 in London and to $110.11 in New York