News 2008 July 30

ICTSI second-quarter net profit up 6.5%

S Korea's Hanjin Shipping reports 20 pct Q2 net rise

Samudera Shipping Line first half profit up 78%

Shanghai port plans to invest in Taicang

Ukraine exports 6,840 tonnes of oil for $5.2 mln in H1 08

Shipowners in India allowed to hire foreigners

Net profit of Vostochny Port JSC makes RUR 33.6 mln in Q2 08

Russian Railways net profit down 26% in H1

Over 160 mln metric tons of crude loaded out by CPC since the start of operations

Cargo turnover at Latvian ports up 2.6% in H1 08

Baltic Pipeline System-2 to cost more than expected

Construction of port in Kozmino is kept on schedule

Transshipment of liquid bulk cargo via Ukrainian seaports up 4.8% to 14.13 mln t

Oil price down to $122.71 in London and to $122.19 in New York

Panama Canal Authority releases fiscal year 2008 Q3 metrics

CEVA develops multi-modal transport solution for Brazil

Aker Yards sale of 70% stakes in two German and one Ukrainian shipyards to FLC West for euros 248.9m

GC Rieber Shipping establishes new company

IMO calls for increased damage stability of cargo and passenger vessels

GulfMark Offshore reports record results for Q2 2008

Overseas Shipholding Group reports second quarter 2008 results

European Commission prohibits government financial guarantees to DHL

High officials sign Bulgarian Container Terminal deal at Varna