News 2008 July 8

Russia to submit claim to Arctic shelf to UN by 2009

179 tankers with Azeri oil sailed away from Ceyhan port for January-June 2008

TNK-BP fined 41,000 rubles

Australia activists to block world's top coal port

NOL faces fall in European rates

Ethiopia rises port tariff by 15%

Guangdong to invest $47.5m in port project

Volume of cargo handled in the Port of Klaipeda in H1 advanced 20.5%

Russian Railways bought 7,700 freight cars in 1H08

G8 leaders call for increasing global oil, oil product output

Norway restricts Russian fishermen's presence near Spitsbergen

Unified container terminal with a capacity of 600,000 TEU to be built in the port of Vladivostok

China COSCO says H1 net rose 90 pct

Bharati Shipyard sees FY09 revenue growing 40 pct

Throughput of Kaliningrad Commercial Seaport up 6% to 2.635 million tonnes in H1 08

Indian shipping industry seeks cut in taxes

India's ministry to take a call on plan to ban foreign ships

NOL announces new Group President and CEO

Russia's TNK-BP unit board votes against firing CEO

Shipping lines sign up for San Pedro Bay Ports' low-sulfur incentive program

Essar Shipping to buy 2 rigs from ABG for $440 million

Cruise ship grounds off Alaska

Fredriksen ups stake to 15pc of TUI, ahead of Hapag-Lloyd sale

Cosco Pacific, Australian bank in box sale-leaseback scheme

GreenCarrier acquires Oy FCS Logistics in Finland

Shanghai's trade value increases 26.6pc in first five months