News 2008 October 27

Strategy for RF Transport Development till 2030 should be executed despite the crisis – Vladimir Putin

Somali pirates threaten to kill hostages if no ransom paid

TNT releases Q3 results

Shipping Corporation of India takes delivery of 4,400 TEU boxship

Bankruptcy threat stalks Asian shipyards

Hong Kong's Orient Overseas may cut capacity by 16%

China Shipping sees box traffic drop

Stena Bulk buys into Greek shipping company Paradise Tankers Holding

APL to suspend its Singapore Subcontinent Express service

SSA unveils development of Jeddah port

New Bahrain port opens in December

Vuosaari Harbour (Finland) to start operation in November 2008

LUKOIL increases 3Q 2008 hydrocarbon production available for sale by 4.1%

Throughput of Commercial Port of Vladivostok up 36% to 5.011.4 mln t

Dalian Shipbuilding Industry Co. announces construction of gigantic new yard

Panama Canal postpones locks bid deadline

Green light for merger of Sinotrans and Changjiang Shipping

LA port mulls paying US$10 per TEU to generate new boxes

Singapore Maritime and Port Authority launch new bunkering practice standards

Japanese shipowners profits soar, but forecasts cut

Japanese group to finance Panama Canal project

Border check point in Ust-Luga port is likely to start operation in early 2009 – NW Customs

Plans for new $300-million deepwater container terminal on the Strait of Canso gets green light

Oil price down to $62.05 in London and to $64.15 in New York