News 2009 March 11

RLS and STS Logistics announce merger

Transneft to resume pumping oil to Black Sea ports of Novorossiysk and Tuapse Friday

LUKoil subsidiary rejects report of oil leak in northwest Russia

Ship spills chemicals in waters off Australia

EMF urges Turkish shipyards to improve safety

China Shipping Development shares up 15 pct on positive freight rate

D/S Norden’s 2008 net profit up to USD 707.8 million

Greek owner cancels two bulk carriers at Odense shipyard

Shipping downturn could last five years: DNV

China's Zhoushan shipyard gets financial assistance

Indian dock strike deferred

Throughput of Klaipeda port down 14.5% to 4.3 mln t in Jan-Feb 09

Cabinet of Ministers of Ukraine approves procedure for clearance of goods in seaports

Russian trawler detained in Norway

South Stream gas pipeline to be launched in 2015 - Putin

Estonian Railways is not going to put its stakes on restoring of oil transit

Throughput of Commercial Port of Vladivostok down 34.6% to 621,400 t in Jan-Feb 09

1730-TEU boxship FESCO VLADIMIR launched at Stocznia Szczecinska Nowa (Poland)

Russian Railways reveals bond issue date

Port of Riga’s cargo turnover up 6.7% in the first two months

Two cargo ships collide off Japan

China Shipping Dev may buy LNG business from parent

China Shipping says coastal shipping rate down 39 pct

Singapore's NOL evaluates options to boost performance

Wartsila gets order from Sartor Shipping

Oil price down to $43.96 in London and to $45.71 in New York

China's Zhangjiagang port volume up 32pc in 2008