News 2009 February 3

Eurogate tops 14m TEUs in 2008

Maersk plans slow ships to China

Rotterdam invites bids forEuromax stage two

Spanish North Western Port of Vigo to expand

Idle container fleet now at 800,000 TEU around the world

Vehicle slump hits Melbourne port

Daewoo Shipbuilding back at No. 2 after bumper year

World's largest LNG importer Tokyo Gas may build another terminal

Grand Alliance suspends Asia-Black Sea Express service

LUKOIL’s Arctic fleet welcomes icebreaker “Varandey”

Chinese shipbuilders see a rise in defaults on new orders

Ministry of Transport and Communications plans to reform the railway sector

Kiev confirms release of Ukrainian crew held by Somali pirates

Construction of gas pipeline in Primorye may begin this year

Medvedev calls for faster construction of gas export pipes

Azerbaijan crude exports via Russian pipeline down 34.7% in Jan 09

Ust-Luga Company takes out a $100-mln loan from EDB

Ocean freight rates drop 50%

Gulf Navigation posts healthy 2008 profit

Middle East VLCC rates decline as demand decreases

Mercator Lines sees non-shipping biz revenue rising

Singapore's PSA International receives US$1.1 billion syndicated loan from 5 banks

Oil price down to $43.82 in London and to $40.08 in New York

Arbitration court overturns $37 mln fine for Gazprom Neft