News 2008 November 6

APEC Port Service Network founded

Mazda to transport more cars and tyres through Zeebrugge next year

EU looks to expand maritime role

Nippon Yusen cuts Europe service on falling demand

Shell eyes floating LNG units for Iraq, Egypt

Samsung Heavy Q3 profit rises 23%

Russian vessel rescues 67 would-be immigrants off Malta

ABG Shipyard secures $480m rig order

Klaipedos Nafta earned 28.5 million euros in January-October 2008

NPA, Lagos approve $6 billion first deep sea port

DP World takes over container handling operations in Yemen port

High ship prices push Samsung Heavy Industries profits to record levels

Cargotec receives major order in USA

Bergen Group awarded contract to build seismic vessel

Golden Ocean mulls newbuilding cancellations

Cargotec strengthens its service network in Italy

Ports of Auckland gets $6m for rail link

Aker Philadelphia Shipyard launches sixth product tanker

Genco Shipping shares fall as it cancels 6 orders

A.P. Moeller-Maersk A/S to trim workforce in China

Sino-Global posts $400,000 loss for Q1

d'Amico International Shipping announces third quarter results

Nippon Yusen cuts European service on falling demand

Ship-breakers face losses as scrap steel prices fall

Plunge in rates forces shipping companies to idle fleets

Volume up, but growth down for Shanghai to US and EU

Oil price down to $61.87 in London and to $65.3 in New York

Poland accepts EU yard restructuring plan