News 2008 July 23

Chennai port plans to terminate contract with DP World

Hutchison bags Greek port project

Royal Caribbean's net profit falls to US$84.7m

Rotterdam ups oil throughput by 11% in H1

ECT to develope inland hub in the port of Moerdijk

Black Sea Fleet, Caspian flotilla involved in Caucasus-2008 drill

Sovcomflot revenues up 27% to over $800 mln in H1 08

Throughput of Latvian ports up 2.6% to 39 million tonnes in H1 08

COSCO International buys CITC at $161M

Bharati to set up second mega shipyard near Bhavnagar

Sembcorp Marine wins $220 million rig order in Egypt

Dachser acquires Tank group

Throughput of Vyborg port up 18% to 541,600 tonnes in H1 08

EC investigates state aid to Polish and French transportation companies

Port of Baltimore to ink new shipping deal with Evergreen Marine Corp.

OOCL launches Indian Subcontinent East Coast Express Service

APL reports June container volume and revenue up 13pc

FESCO opens linear ro-ro service to Japanese port of Hamada

Russia to raise oil export duty to record $495.9/ton from August

Ukraine parliament to discuss Russian fleet pullout preparations

Oil price down to $129.55 in London and to $127.95 in New York