News 2008 November 24

PRISCO tanker was floated out

Ukraine and Russia to coordinate standards of shipping in Kerch Strait

First phase of new container terminal to be put into operation in Vladivostok port on Dec 10

Sanya to build large port for cruise liners

Jebel Ali freight congestion overcome, says DP World

China president visits Greece port for $1 billion deal

Cosco Group CEO sees shipping recovering in 2009

Virginia Port posts an operating loss of US$3.7 million for Q3 08

COSCO Pacific throughput up 14% in October

Indian ports handled 42.18 million tonnes in October

Involuntary manslaughter charge for submariner on Russia's Nerpa

Cargo train build up in Russia's Far East may paralyze Trans-Sib

Somali pirates drop ransom for supertanker to $12 mln - paper

Throughput of Klaipeda port up 10.8% to 25.3 mln t in Jan-Oct 08

Contractors invited for Sohar Port bulk jetty work

France's CMA CGM Xiamen port JV wins approval

CNOOC Corp to invest RMB 200 bln in deep-sea exploration

Baltic Exchange meeting tries to calm dry bulk fears

Medvedev, Bush to launch joint anti-piracy initiative

Pirates move Saudi VLCC to unknown destination

Maersk sign a new vessel sharing agreement with CMA-CGM in the trans-Pacific

EU announces interest in Arctic region

Horizon Lines makes $7.5 million voluntary debt payment

Sakhalin-II project to start LNG supplies to Japan in early 2009

Somali pirates make $150M in a year

Oil price up to $49.19 in London and to $49.93 in New York