News 2008 October 16

St. Petersburg branch of Oktyabrskaya Railway ups loading to 10.8 mln t in Q3 08

First production from Verkhnechonskoye delivered to ESPO Pipeline

S.Korea's KDB says POSCO disqualified for Daewoo buyer

Maersk Inc. to open Sustainable Shipping Forum

Arab Shipbuilding and Repair Yard Company announces $188m expansion

Mumbai Port Trust challenged over offshore container terminal license

Panama Canal earns record $2 bn in 2008

First Cargo Company carries 66 mln t of cargo in Jan-Sep 08

Throughput of Aktau port (Kazakhstan) down 4.7% to 7.7 mln t in Jan-Sep 08

Throughput of Klaipeda port up 13% to 23.1 mln t in Jan-Sep 08

Throughput of Ukraine’s commercial and fishing ports up 7.1% to 140.4 mln t in Jan-Sep 08

Talks on Faina hostage release cannot be made public - MFA

Russia's oil output down 0.6% in January-September

ODIM wins deepwater contract in China

Baltic sea freight index falls to 5-1/2 year low

K-Line sees big savings from slowing down

Rotterdam port to help develop port in Malaysia

CMA CGM expands Europe-Indian Ocean service

Oil price down to $70.80 in London and to $74.54 in New York

A.P. Moller-Maersk Group and IBM sign five year agreement