News 2008 May 12

Lukoil looks to double capitalization by 2017

Throughput of Port of Tallinn down 32.1% to 10.4 million tonnes in Jan-Apr, 08

Throughput of LDz Cargo Ltd up 14.5% to 18.6 million tonnes in Jan-Apr, 08

Danish operator of gasoline and jet-fuel tankers Torm reports drop in Q1 profit

Greek Alapis joins Hutchison in port tender bid

Igor Levitin has retained the post of RF Minister of Transport

Iran, Azerbaijan sign maritime MoU

Prime Minister Putin appoints new government

Rosneft to raise bunker sales to 10 million tonnes by 2015

Russia's foreign trade turnover comes to $163.3 bln

Throughput of Russian ports to grow 10-12% in 2008 – Davydenko, head of RosMorRechFlot

Bahrain Logistics Zone set to open

Arcapita Bank acquires major central and eastern European logistics developer

Yenisei River Shipping Company starts cargo navigation-2008

Limits of Big Port of St. Petersburg to be determined by August 2008

Russian ports account for 80% of freight handled in Russia today – head of RosMorRechFlot

RF Government discussed project of special economic area in Vostochniy Port

RUR 160 mln to be invested into railway approaches to Ust-Luga port - Yakunin

Port of Charleston adds new shipping services

DP World-operated Indian box terminals growth at 18-22%

Strike hits France's biggest oil ports of Fos and Lavera

Shipping lines raise freight rates for Europe

First Polish-built LNG carrier launched

Iran, Venezuela, Cuba to initiate shipping line

Taiwan's Yangming Marine to expand its fleet from 96 to 125 ships

Throughput of Klaipeda port up 22% to 10.45 million tonnes in Jan-Apr, 08

'K' Line joins Wan Hai on Japan China Vietnam service

Bermuda's Textainer Group up 29pc in first quarter

Far Eastern Railway increases freight turnover

Oil price up to $125.40 in London and to $125.96 in New York