News 2008 December 3

Russian oil exports in Dec could compensate for Nov lag - Transneft

Belarus to raise transit tariffs on Russian petroleum products by 53% on Jan 1

Two cargo ships collide in Dardanelles Strait

Throughput of Odessa port up to 31.6 mln t in Jan-Nov 08

Throughput of seaport Kavkaz up 11.6%, Temryuk - 73% in Jan-Nov 08

Singapore Cosco says client cancels order for 2 vessels

PSA seeking US$1b refinancing for stake in Hutchison

Bahrain Gateway to open in March

Major Ukrainian seaports almost paralysed

150,000-tonnage waterway opens in China

Todd Shipyards to build WSF’s new $65M ferry

Brazil aims to repair ports destroyed by floods

Hanjin to push ahead shipyard project

Increased bunker demand expected at Jacksonville port

Asian lines resume Brazil services using Sao Franciso do Sul Port

Baltic panamax and capesize indices hit record lows

Transbunker to increase capacity of fuel producing unit in Vanino

Mazeikiu Nafta signs '09 product sale deals

Transneft cuts investment in ESPO pipeline

Throughput of Petersburg Oil Terminal up 2.7% to 10.9 mln t in Jan-Nov 08

Kherson Shipyard launches dry cargo carrier Kaya Pioneer built for Sea Pioneer LTD

Latvian rail carried 6.3% more freight in Jan-Sep 08

UAE company buys Georgia's Black Sea port of Poti

Sea Port of Saint Petersburg invests in refrigerated terminal

Construction of $1.3bn Vale project to commence shortly

Vanino-Kholmsk ferry service resumes operation

IBF extends "High Risk Area" in the Gulf

Maersk Line plans to lower Taiwan-Australia surcharges

Kenya starts talks over Sh273bn Lamu port

Philippines Ports authority to reopen Tandoc port bid

Oil price down to $45.44 in London and to $46.96 in New York

New Russian law on fisheries comes into effect on Jan 1, 09