News 2008 April 30

Net profit of Novorossiysk Commercial Sea Port under IAS up 112.47% to $93.674 million in 2007

Oslo Marine Group plans to open its representative office in Japan

Surgutneftegas to pay annual dividend

Oil pipeline operator Transneft posts 22% net profit rise in Q1

Throughput of Lithuanian Railways up 18.8% to 14.6 mln t of cargo in Q1 08

Tianjin launches port regulations

China to invest US$171 million in Tibet's Naqu railway logistics centre

Beibu Gulf, Yantian to develop terminal in Fangchenggang

Malaysian line MISC to make PTP its hub

Japanese shipping line Kawasaki may raise profit forecast

Three employers' organisations join forces in Finnish shipping industry

China's top oil carrier Merchants Energy net down 3.9% in 2007

Mozambique plans $900 mln ports upgrade

India's ports placing global tenders for routine dredging works

Lavera, Fos oil terminals disrupted by Marseille port strike for 3rd week

Krasnoye Sormovo Shipyard delivers forth vessel to Pietro Barbaro S.A. (Italy)

Evergreen profit rises 4.9% as fuel trims cargo gains

Participants of conference ‘Russian International Register of Vessels’ work out recommendations

FTS approves tariffs for oil products transportation to Primorsk by main pipelines of Transnefteproduct

Gazprom to join major gas storage project in Germany

Commercial Seaport of Tuapse invests RUR 178 million into development of its production capacity in Q1 08

Greece joins South Stream gas pipeline project

Throughput of Commercial Port of Vladivostok up 66% to 2.09 million tonnes in Jan-Apr 2008

Hanjin abandons $2-B Misamis shipyard project

Overseas Shipbuilding 1Q net income $112.4M vs year-ago $84.7M

AMB Property Corporation acquires 86,400 sm near port of Hamburg

India's GVK plans port close to SEZ in Tamil Nadu

Oil price down to $113.43 in London and to $115.63 in New York

Daewoo, Galfar win $442 mln Oman port deal