News 2008 June 27

Latvia's Ventamonjaks turnover increased 22% in 2007

Global Oceanic Carriers agrees 170.5p per share merger with Newport Holdings

Warsaw sends shipyard restructuring plans to Brussels

Turkmenistan to start natural gas deliveries to China in 2009

Ulstein interested in shipyard in Szczecin

Germanischer Lloyd signs new contract with AUSTAL

Gazprom Neft to invest RUR 26.2 blm into development of Gazpromneft-Nefteservis till 2020

Net profit of Krasnoyarsk River Port makes RUR 7.281 million in 2007

Novorossiysk Commercial Sea Port launches new grain terminal

Latvia to join Ukrainian project on development of Baltic-Black Sea transport corridors

Russian-EU trade grew over 20% in 2007 - Nabiullina

Navigation practice on PRISCO’s vessels

Tianjin Port handles 26million tonne of iron ore in 5 months

China demand fuels spot freight rates

Clarkson settles claims from Russian shipping companies Sovcomflot and Novoship

CMA CGM, CSCL's FAL 4/AEX 8 loop to start in July

Indian Ocean services expands with H&H Red Sea, East African loops

Consortium begins offshore terminal work at Mumbai Port

Cost of damage from Korean spill reaches $554 million

OOCL to operate new Indonesia-Malaysia (IMS) service

Oil price up to $139.83 in London and to $139.64 in New York