News 2008 December 2

Russia’s gas output down by almost 4 bln cbm in November

Kazakhstan to borrow $3.45 bln from international banks for Europe-China highway

Kazakh gov't approves Customs Union pacts

Avoiding pirates to cost Japan ships US$100m

Islamic Development Bank to spend $2b on Indonesian port

Hazira plans US$500m multi-cargo port

Japanese ore import reductions may impact freight rates

WWL and EUKOR open RoRo terminal in South Korea

Vietnam's PVTrans to invest $3 bln in tanker fleet

Russian oil firm Rosneft posts 140% net income rise in 9 months

Kenya says Qatar may lend $3.5 bln for new port

PortNews IAA to hold round table dedicated to oil spill response activities plans in Russia

RZD to reduce manufacturing costs

Ukrainian ports are overloaded with containers

Israel Corp. to inject $150 million into Zim

Gwadar Port declared tax free zone for 20 years

Strike to hit Ports of Auckland container terminal today

Drydocks World gears up for China venture

ASEAN shipowners urge coordinated patrol and surveillance against piracy

New canal to be dug to link Mekong Delta with East Sea

Public hearings on Bronka port project are held in St. Petersburg

Golden Ocean says 20% of world capesize fleet idle, shares fall

Somali pirates to release Yemeni cargo ship without ransom

Novorossiysk port shipped nearly 4.5 mln t of grains in Jan-Oct 08

Philippine Ports Authority ports drop cargo volume to 109 mln tons

Russian PM Putin signs order to build Baltic Pipeline System-2

Frontline slashes dividend

Boxlines braced as US recession made official

Oil price down to $47.97 in London and to $49.28 in New York

Sovcomflot net profit up $484.1 mln in Jan-Sep 08