News 2008 May 5

Throughput of Iljichevsk Commercial Seaport up 25% to 6.36 million tonnes in Jan-Apr, 08

Evacuation of stranded cruise liner Mona Lisa begins

UIC and DSME sign memorandum of cooperation in shipbuilding projects

Novorossiysk Commercial Sea Port projects revenue to rise 7% in 2008 on the back of tariff hikes

Throughput of Rostovski Port OJSC up 1.5% to 339,300 tonnes in Jan-Apr, 08

Over 1000 people to be evacuated from cruise ship stranded off the coast of Latvia

Strike paralyses 29 US West Coast ports

Russian President signs law restricting foreign investment in strategic industries

Oil and gas sector standards to be discussed on May 20

ASL Marine expands Batam shipyard

Kazakh ministry proposes oil product export regulation

Vyborg Shipyard’s BOD recommends its shareholders not to pay dividends for 2007

European Marine Equipment Council calls for more efficiency in classification

Russian Railways to place bonds worth RUR 80 bln during 2008-2009

Output of oil and gas condensate in Russia down 0.1% y-o-y to 161.17 m t or 9.76 m bpd in Jan-Apr 08

Russian court rules to seize four Japanese vessels over poaching

Finnish government plans change to tonnage tax

Throughput of Murmansk Commercial Seaport up 11.5% to 4.792 mln t in Jan-Apr, 08

United Arab Shipping Agencies Company posts KD 1 mln profit in ’07

Norway's TTS Marine ASA secures anchor handling equipment order from Korea

Canadian ports set 4th straight freight record

Wah Kwong Shipping launches $200 mln HK IPO

Boat capsizes in Brazilian Amazon killing at least 15

Samudera Shipping Line posts net profit growth of 46pc in first quarter