News 2008 July 1

Cargo handling of Archangelsk Sea Commercial Port up 28% to 651,500 tonnes in Jan-May 08

Singapore's SembMarine wins $400 mln Maersk contract

Guangzhou Shipyard to issue shares to buy shipyard

Rickmers-Linie expand its fleet from 10 to 14

Greece to toughen rules after ship accident

EU executive adopts competition rules for shipping

Russia's Sochi resumes ferry service to Abkhaz resort

TNK-BP JV foreign staff forced to leave Russia - paper

Average Urals oil blend price hits $105 per barrel in Jan.-Jun.

Russia lifts prohibitive grain export duties from July 1

USC made a proposal to OPK

Tariffs for railway delivery of cargo to Russian ports up 10% from July 1

Russia to end major restructuring of RAO UES of Russia

Maersk Line completes acquisition of 40% of the shares in Maersk Denizcilik, Turkey

DP World takes over management of Dakar port

US Senate passes Annex VI bill

Mideast shipping rates to increase due to shortage

Chemoil triples Gulf of Mexico operational capacity

Five new Taiwanese bulk carrier transferred to Germanischer Lloyd

Hunan, Guangdong and Hong Kong to start direct trucking service

MTD Capital Bhd expects contribution from Indonesia's Cigading port by 2011

Maersk Line cuts one of its Asia-Europe services

United Arab Shipping Company signs newbuilding contract for nine 13,100 teus ships

CMA CGM starts 27th Asia service for Rotterdam

Oil price down to $139.83 in London and to $140.00 in New York