News 2008 August 4

NOL appoints new APL president

Japan crude tanker rates fall on ample availability

India-Colombo route surcharge increase

Iran threatens to shut Gulf shipping lanes

Australian ports firm Asciano Group reports $2.7 bln takeover bid

Kawasaki Kisen shares decline most in a year

Singapore-listed Cosco Q2 profit up 60 pct

Cargo traffic drops at LA/Long Beach ports

Throughput of Murmansk Commercial Seaport up 2.3% to 8.126 million tonnes in Jan- July 08

Qatar gas firm plans to borrow $1 billion to pay for tankers

India - US cargo freight rates to the US rise 25-30%

China claims fourth largest maritime fleet

Container shipping in good shape - Seaspan CEO

India's ONGC gets shipping relief on $8b offshore investment plan

Brazil's Vale spends US$1.6 billion for ore ships

Sea cargo demand looks strong - Mercator CEO

Tidewater to spend up to $200 million to buy back shares

Shanghai first half box volume rises 10.4pc, Yangshan soars 42.8pc

Guangzhou port ups container volume to 5.99 million TEU in H1

Cosco launches a new service CUE to Panama's Pacific Port of Balboa

Oil price up to $124.18 in London and to $125.10 in New York

Ningbo port volume exceeds 5 million TEU in H1

Qingdao adds 24 box services in first half, volume up 14pc