News 2008 June 17

Container ports of North Europe handled 34 mln TEU in 2007

COSCO wins bid for two terminals of Piraeus in Greece

Taiwan’s Formosa wins $8b port contract

Hong Kong container throughput up 1.6 percent in May year-on-year to 2.1 million TEUs

Samsung Heavy to buy $22 mln stake in Brazil shipyard

Construction of a new shipyard in Azerbaijan may take less than $400 mln

Ports of Leningrad region to handle 110-115 million tonnes of cargo this year

Tug boats of Port Fleet CJSC successfully assisted the Mir sailing ship in her way under draw bridges

Two 'foreign' boats detained in Russia's Far East for poaching

TransContainer and Kazakhstan's Temir Zholy to set up JV

Latvia is likely to handle containers transiting Russia from East to West

Genco Shipping to buy 6 drybulk newbuildings

Ukraine’s commercial fleet cuts cargo transportation by 7.4% in Jan-May 08

Accident paralyzes Baltic states' only oil refinery - company

MOL to base US south Atlantic port activities at TraPac Jacksonville

Volume of moving containers in S.Korea ports drops 22 percent due to strike

Iran has 15 supertankers idling in Persian Gulf

Hapag-Lloyd launches new service between Asia and Africa

FSLT acquires second Yang Ming ship

Israel Corp to invest $250 mln in Zim, delays IPO

Maersk Line and Hutchison Ports sign agreement for priority terminal in Felixstowe

Stolt-Nielsen enter into two 50/50 joint ventures with Gulf Navigation

Moller Maersk buys 50% share in Swift Tankers Management

Norway's TTS Marine ASA wins NOK130m equipment order from ABG Shipyard Ltd in India

Putin appoints Yakunin Russian Railways president

Barge with nearly 3,000 tonnes of copper sinks in Russia

Oil price down to $134.71 in London and to $124.31 in New Yor