News 2008 October 6

Over 32% of all Russian shipbuilding contracts to transfer to leasing basis by 2011 - expert

Russia asks Britain to extradite ex-head of Russneft oil company

Port of Antwerp plans to increase barged traffic

Maryland port to be leased for $100m

Wilson Sons expands Brazil terminal

PSA upgrades handling capacity in Antwerp and Zeebrugge

Port of Sunderland opens new warehouse

Belgian strike halts international trains, port hit

Pirates holding cargo ship unfazed by U. S., Russian naval presence

“K” Line / PIL / WHL to cooperate in new service from China to Middle East

Yinson to handle Vietnam’s new port

Member companies protest over congestion at DP World terminal in Melbourne

Canada Transpacific Stabilisation Agreement reduces bunker surcharge 10pc from November 1

Zanzibar port rehab to be completed next month

Maersk adds Hamburg to AE-8 service

Sri Lanka ports authority to build terminal in new harbour

Port of Tallinn breaks ground for new container terminal

Persian Gulf tanker rates likely to drop

Russian Railways carried 1.14 bln t of cargo in Jan-Sep 08

Throughput of Odessa port up 10.5% to 26.2 million tonnes in Jan-Sep 08

First chemical carrier built at Amur Shipbuilding Plant leaves for fitting base on Oct 7

Investments in development of First Container Terminal totaled $230 mln throughout 10 years

RS Representation in Azerbaijan

Baku-Novorossiysk pipeline exports over 947,000 t of oil in Jan-Sept

Container throughput of Petrolesport up 46.2% to 399,500 TEU

Caspian Sea Oil Fleet announces tender to purchase spare parts for ships’ repair

Oil price down to $90.25 in London and to $93.88 in New York

Hanjin Heavy to resume its $2-billion shipyard project at the Phividec in Q1 2009

COSCO Dalian Shipyard signes 4 tanker-based FPSO conversion projects with MODEC

Keppel Shipyard secures two conversion projects worth S$150 million

Hyundai Heavy leads Korean shipyards decline on order concerns

Maersk and Marlink sign fleet broad band retrofit deal