News 2008 October 9

Russian Railways invested over RUR 1 trn in rail industry in last five years

Shippers quit Bangkok port over strike fears

Mexico plans tenders for terminals at two ports

Pakistan International Container Terminal imports 12 gantries from China

North China Shipping signs VLCC loan agreements

FESCO raises $90m loan from Sumitomo Mitsui Bank

MISC bags $1 billion loan

Stella Lines closes down service to St Petersburg

POSCO to make joint Daewoo bid with GS Group

Cargo volume at U.S. ports expected to drop 6.5 percent in 2008

Throughput of Petrolesport up 13.8% to 5.9 mln t in Jan-Sep 08

Suttons Group expands chemical tanker fleet

German Lurssen to invest 10.5M euros in Mangalia Shipyard

Somali pirates free Japanese tanker for ransom

China-Europe shipping rates down 70% in the last year

K Line – PIL - WHL offer merged China to Middle East service

STX Pan Ocean fined for illegal dumping incident

Container freight rate to Europe down 30%

Brazilian shipbuilders get $4.5bn funding boost

Azerbaijan to select a contractor for seaport project this year

India's Port of Mumbai improves container handling

Somalia attacks continue despite naval presence

NYK holds Tokyo seminar on piracy in Gulf of Aden

Oil price down to $84.36 in London and to $88.95 in New York

Containership crew costs top all, double that of tankers, bulkers