News 2008 June 4

Russian crude producer LUKoil posts 140% net profit growth in Q1

Strategic Marine cashes in on crew boats

Throughput of commercial seaport Yuzhny up to 9.088.6 million tonnes in Jan-May 08

Russia and Ukraine to discuss Black Sea Fleet in June

Throughput of National Container Company up 20.5% to 725,413 TEU in Jan-May 08

RZD starts managing Armenian Railways under concession agreement

Petersburg Oil Terminal handles 1.037 million tonnes in May 08

New Russian drilling rig up standing

Novorossiysk Commercial Sea Port sells non-core assets

EU court upholds law criminalising ship pollution

Initial investment into POEZ in Khabarovsk Territory to make RUR 8.4 bln in 2008-10

GAC Australia extends port coverage

McMurdo safety equipment awarded Type Approval for Russian shipping

Commercial Port of Vladivostok handles first batch of cargo within the framework of Northern delivery

St. Petersburg's commodity exchange goes public

Ningbo-Zhoushan Port quarterly cargo tonnage surpasses Shanghai

CTSA imposes higher BAF, CAF surcharges as oil rises and dollar falls

Maersk raises North America rates, BAF from July

OOCL to adjust bunker surcharge on China-US line from July 1

Strategic Marine to build eight crew boats “on spec”

Cargo handling of Odessa port up 7.3% to 14.946.5 mln t in Jan-May 08

New CEO for Aker Yards

Oil price down to $124.58 in London and to $124.31 in New York

Dutch owner of ship seized by pirates denies ransom reports