News 2008 November 5

DryShips Q3 profit up 71% on larger fleet, higher rates

Container throughput of "Moby Dick" up to 193,300 TEU in Jan-Oct 2008

Container throughput of "Petrolesport" up to 451,600 TEU in Jan-Oct 2008

Iraq to build $850m shipyard

CIMC buys smaller stake in Yantai Raffles Shipyard

China ports capacity growth falls further in October

Finland’s Vuosaari Harbour project to open this month

DHL operates new €3m multi-user facility in Indonesia

Rotterdam increased transshipment of biofuels to 2.5 million tonnes in H1 08

Danaos Corporation adds a new 4,253 TEU containership to its fleet

MMC Corporation Bhd inks MoU for Saudi industrial port

AMB pre-leases French port development projects

Container service to link NZ port Otago

Singapore consortium to develop Brunei hub

Keppel expands Cebu shipyard operation

Taicang is China's fastest growing port

Keppel Singmarine to build icebreakers for LUKOIL-Kaliningradmorneft

Rotterdam sign an agreement with Brazilian port Suape

Up to 50 dead in latest Philippines ferry disaster

Taiwan and China to start direct cargo shipping between the countries

Mitsui OSK sees slower growth from Thai unit

OJSC "NMTP" increases net profit to RUR 2.66 bln in Jan-Sep 2008

Glovis secures 1.3 trillion won Hyundai Steel Shipping deal

American Bureau of Shipping issues Type Approval for FuelTrax

Hyundai Merchant Marine swings to US$147 mln loss in Q3

Deutsche Bank takes up Frontline position

Pakistan's government to provide land for ancillary port facilities at Gwadar

Iron ore export through Orissa port drops

Israel cuts ports' wharfage fee on imported fuels

Egypt planning S$8.1b expansion of Port Said

Dubai Port World finalises deal to run Algerian port

NYK shuts Panama units

US Prince Rupert triples container thoughput

EIB in talks with Hutchison, Cosco to fund Greek ports projects

MOL combines tanker division with Tokyo Marine

Seatruck Ferries and Fredericia Shipping to start new ro-ro service between Fredericia and Moss

Aker Yards is now STX Europe

Oil price up to $66.44 in London and to $70.53 in New York