News 2008 May 4

Average price of Urals crude up $40 y-o-y in Jan.-Apr.

Net profit of Zvezda OJSC under RAS totals RUR 9.7 mln in Q1 08

Sea port of Aktau (Kazakhstan) borrows 4 billion tenge for dredging works

Surgutneftegas posts Q1 results

Essar Shipping lines up $800 m to buy 14 ships

Cruise ship with 984 people on board runs aground off Latvia

Ireland plans to create new shipping register

GE Shipping Q4 net up 24.25%

Al Jaber Group launches two marine companies in UAE

Qingdao Port plans to list this year

Net profit of Nakhodka Oil Seatrade Port makes RUR 2.8 million in 2007

Throughput of Yuzhny port up to 2.5 million tonnes in Jan-Apr, 08

Net profit of Sea Port of St. Petersburg makes RUR 7.7 mln in Q1 08

Russia to raise oil export duty to $398.1 per ton from June

Novorossiysk Commercial Sea Port OJSC acquires 50% of Lomonosov Cargo Terminal CJSC for EUR 77 mln

Shareholders of Commercial Port of Vladivostok approves the board of supervisory directors

Rosneft creates RN-Bunker, 100% subsidiary for bunkering services

Novoroslesexport signs contract with MSC container liner operator

Topaz acquires Doha Marine Services for $124m

DP World builds $300 mln container terminal in Peru

"Gazprom" intends to increase gas extraction 18 – 22% by 2020

EU sets inquiry deadline for Eurogate, Maersk jv June 5

Oil price up to $114.56 in London and to $116.32 in New York