News 2009 February 26

JSC “Latvian Shipping Company” earns USD 58.6 mln in 2008

Throughput of Sea Commercial Port of Illichivsk down 16% to 1.2 mln t in Jan 09

Yang Ming invests in 2.92m TEU box terminal at the port of Kaohsiung,

PD Ports launches Felixstowe-Teesport feeder service

Maersk enhances Europe-Middle East-South Asia and Far East-West Africa services

Golden Ocean Group profit down in Q4

NZ Tauranga port reports 10% rise in H1 profit

Frontline Q4 profit slashed by half

Fredericia - MossRo/ro-service terminated after six sailings

Chemoil reveals 55% rise in profits for FY08

Auckland, Tauranga merger plan canned

STX Pan Ocean anticipates profit in 2Q 2009

Norway's Nexus says plans to lay up only vessel

OOCL latest line to seek Asia-Europe rate hike

NYK to cut capacity again

Grupo TMM reports Q4 and full-year 2008 financial results

UK. MCA announces 7 foreign ships under detention during January

Norilsk Nickel completed creation of its own arctic fleet

5 Russian shipbuilding enterprises to get loan subsidies

Kazakhstan Senate ratifies Agreement on Russian –Kazakh cooperation in field of maritime transport

FESCO’s "Amderma" completes expedition to three Antarctic stations of Australia

NKorea releases Russian ship detained in mid-February

The Minister for Economics is authorized to sell one tenth of Mazeikiu Nafta shares to the Poles

China interested in the RZHD project

Russian Railways receives loan from Sberbank

Japanese shipping firm fined $1.75m for pollution

Third of world's fleet will be scrapped in two years: Khalid Hashim

Taiwan's Wan Hai to invest into Chinese line

New Zealand plans US$50 per hour bio security 'dirty' box tax

Rizhao port January box volume up 26.4pc

Clarkson sees 3.1pc world container growth in 2009

Yemen ready to assist Russian warships in anti-piracy efforts

Yang Ming places US$50 million order with ZPMC

Oil price up to $44.29 in London and to $42.50 in New York