News 2008 August 18

Texas to have new offshore VLCC terminal

Baltic index rises further on Pacific demand

KepFels delivers jack-up rig to Maersk ahead of schedule

Throughput of Nakhodka port up 30.3% to 9.9 mln t in Jan-July 08

China plans to reach 100 million TEU mark this year

STX Shipbuilding gets US$310 mln order for 2 oil tankers

Singapore's NOL moves 14 pct more cargo in July

Throughput of Archangelsk port up 3.4% to 3.03 mln t in Jan-July 08

CMA CGM and CSCL launch new Northern Europe - China - Malaysia service

SuperFerry expects zero growth for its passenger business this year

Korea Development Bank to invite bidders for Daewoo Shipbuilding next week

Polaris Shipping buys $40.8m VLCC

STX Group posts H1 sales record

Shipping Corporation of India to buy 40 vessels for $3 b

Gulf Navigation boosts fleet with new chemical carrier

U.S. needs more icebreakers to handle arctic traffic

Cost advantage fails to help shipping in India

DP World provides new cash deposit payment method

Beihai Port Company seeks merger with two nearby ports

Cosco launches Tianjin-Yantai-Shanghai feeder container line

Oil price down to $112.55 in London and to $113.77 in New York