News 2008 June 26

Volga Shipping to pay RUR 55.9 million as dividends for 2007

LUKOIL dividends for 2007 up 10.5%

SKorea's Hyundai Mipo wins $292 mln shipbuilding contract in Middle East

Net profit of North Western Shipping Company up 85.36% to RUR 128.304 million in 2007

Greek shipping revenue to grow 8% this year

Global Ship plans US$1b fleet expansion

Port of Houston approves $2.3M in construction projects

Dalian Port to take an 18.9% stake in Jinzhou Port

Frontline raises $210m

Qinzhou Port's cargo and container throughput up 74% in five months

Lukoil interested in other European refineries

Gazprom still planning to buy 20% of Gazprom Neft by April 2009

Trans-Balkan oil pipeline cost rises to 1.5 bln euros

FESCO container fleet reaches 50 000 TEU

Krasnoye Sormovo Shipyard is the Best Russian Exporter 2007

Tatneft posts higher net profit for 2007

Cambodian vessel detained in Okhotsk Sea for poaching

Oil price down to $134.33 in London and to $134.55 in New York

COSCO starts operating its news cargo headquarters

EU's commissioner meets unions over Gdynia, Gdansk, Szczecin shipyard restructuring

STX Group of Korea set to bid for Aker Yards

VTG concludes joint venture with Cosco Logistics and invests in Chinese tank container transport company

Risk of oil spill in Turkish straits

India to rebuild Sittwee port ahead of schedule

DP World launches 1st phase of 'Promis'

Essar Shipping plans to set up overseas ports

Japanese firms invited to bid for Sri Lankan port project

Hanjin Shipping Co. Ltd. announces establishment of new company

CSAV Norasia to start new shuttle to East Mediterranean Area

Top Ships sells five suezmaxes to Frontline for $240 million

The New World Alliance and the Grand Alliance offer joint Black Sea service

Daewoo's new technology to cut fuel consumption

Somali pirates release Dutch ship with Russian and Filipino sailors

Singapore's NOL rises volumes in May to 201,700 FEU

Zim Ports, DP World to operate Spain's Tarragona terminal