News 2009 February 27

Net profit of Mazeikiu nafta down 36% to $23 mln in 2008

Navy confirms Russian military ship spills oil in Celtic Sea

Hong Kong exports suffer massive slump

Maersk ends SAWA service

China ports face massive overcapacity

Central Warehousing Corporation will develop infrastructure in India

TUI to raise stake in Hapag consortium

Indonesian group looks to build new Indian port

India’s Cochin Shipyard to remain state-run

STX Group poised for STX Europe IPO

GC Rieber Shipping posts Q4 2008 results

National Iranian Tanker Company completes newbuilding series

Ship freight declines during last few months

Klaipedos Nafta earns pretax profit of 33 mln litas in 2008

RF inland water transport carried 151 mln t of cargo in 2008

RF maritime transport carried 35.7 mln t of cargo in 2008, a 27-pct increase, y-o-y

Requirements for double hull tankers are even tougher amid crisis – Aleksandr Misharin

Russian Railways may extend ban for grain shipmen to Novorossiysk

Kaliningrad transport hub development program to be approved by year-end - RZD

Russia to complete accession to International Transport Convention COTIF in late 2009 - RZD

Dry cargo vessel designed in Odesa commissioned in Kherson

Cosco Corp profits fall after USD 40 million provision

Gwadar may lose business to Iranian port of Chabahar

Port of Guangzhou box volume up 18.8pc in 2008

Oil price up to $46.51 in London and to $45.22 in New York

Maersk Line reports 1000th vessel call for West Coast fuel switch