News 2008 August 11

Kuwait tanker firm KOTC announces $700mn deal with Daewoo

NYK and OOCL open new offices

EU extends deadline for Polish yards

Agility builds Shanghai logistics hub for Borouge

STX Pan Ocean says to invest $212 mln in bulkers

CMA CGM to boost Westports volume by 25%

Vietnam's top coal port Cam Pha resumes operation

Georgian oil ports Batumi, Supsa partly operating

Aker Yards signs firm contract with P&O

China invested only $150m on Gwadar Port

Russia-Georgia conflict will not affect RAK investment plan

Russia says no plans to block Georgia oil port

Singapore's Pacific Shipping plans $92.3m rights issue

IMO agrees improved shipbuilding standards

Oil price down to $113.33 in London and to $115.20 in New York

Pacific Basin spends $577 million on 'green' vessels

Azerbaijan halts oil exports via Georgia ports

Taiwan's CPC delays Taichung LNG terminal startup to September

'K' Line invests in mainland Quanzhou ship repair yard