News 2008 May 6

Far East Transport Group plans to register is representative offices in Japan and China in 2008

Hanjin threatens to drop US$2b Philippine yard

Western North Sea ports to expand inland ports

STX buy of Aker shares gets green light from EU

Proceeds of Far East Transport Group up 23% to RUR 1.5 billion

Shenzhen’s Chiwan Port sees big jump in April box throughput

Vietnam overloaded truck ban clogs port

Volume of foreign trade cargo handled in Finnish ports up 1.6% to 23.6 mln t in Q1 08

Volume of transit cargo handled in Finnish ports up 38.6% to 1.8 mln t in Q1 08

Kazakhstan increased oil production 6.3% in Jan-Apr, 08

Container throughput of Odessa port up 13.5% to 164,613 TEU in Jan-Apr, 08

Throughput of Vostochny Port OJSC down 1% to 4.9 mln t in Jan-Apr, 08

Conference ‘Perspectives of the development of Big Port of St. Petersburg” to take place May 15, 08

Ports of Donetsk region decrease cargo handling by 33.7% to 2.8 million tonnes in Q1 08

Stranded cruise ship evacuated off Latvian coast

Access Bank to partner Nigerian govenment on development of maritime sector

BAF to remain unchanged at least till June 15

Tidewater reports Q4 results and year end earnings for fiscal 2008

Euro may replace dollar in freight based transactions

Panama Canal Authority, Virginia ports sign trade promotion deal

Hyundai Motor Group eyeing delivery of components to its Russian plants via seaports of Nakhodka

China ports throughput to rise over 15% in 08

Oil price up to $117.99 in London and to $119.97 in New York