News 2008 June 3

Surging charter rates make slow steaming impractical

Medvedev says environmental responsibility system should be revised

Russia, Saudi Arabia sign WTO accession deal

Ventspils Nafta profit down 59% on weaker dollar

Japanese shipping stocks lead surge as outlook brightens

Kazakhstan ratifies Eurasec customs union agreement

Gazpromneft Marine Bunker to fuel cruise liners in St. Petersburg port

Conference Automotive Logistics opens in St. Petersburg

First phase of Yug-2 in Ust-Luga port to be put into operation June 6, 08

Shares of Novorossiysk Commercial Sea Port included into new lists of RTS

Cochin Shipyard launches 5 platform supply vessels

UN OKs foreign ships to fight Somali pirates

SEZ of port type to be created in Krasnoyarsk, Ulyanovsk and Khabarovsk Territory

KFW targets Greek owners

New suezmax pool

Jacksonville Port growth leads to opening of new box warehouse

Maersk welcomes 7,000-TEU newbuilding into fleet

Deutsche Bahn to start Berlin-Beijing railway cargo service

Rolf SCS makes exclusive deal with Petrolesport OJSC on delivery of foreign cars

Oil price up to $128.02 in London and to $127.76 in New York