News 2009 March 12

Navigation at Azov-and-Don canal is likely to start before April 1, 09

Export of oil products via RPK-Vysotsk LUKOIL-II down 6.4% to 2.06 mln t in Jan-Feb 09

Throughput of Tallinn port down 7.2% to 4.7 mln t in Jan-Feb 09

Basic Element starts construction of Sochi port having obtained a RUR 4-bln credit from VEB

Guangzhou Shipyard profit down 12.78% in 2008

Cosco to post record 2008 revenue of $26.9bn

Maersk shifts Euromed service

Lebanon to launch tender to expand Beirut Port

Singamas cuts staff and capacity

Beijing's focus on saving larger yards will see smaller ones fail - opinion

TSA to use new bunker adjustment factor formula in next contracts

Sea ports of Ukraine directed UAH 190 mln to the State Budget in Feb 09

Throughput of Nakhodka port down 0.8% to 2.5 mln t in Jan-Feb 09

Throughput of Vostochny port down 28% to 2.6 mln t in Jan-Feb 09

Dry bulk prospects are “pretty grim” - experts

APL closes its container service to the port of Novorossiysk

European Parliament tightens maritime safety requirements

Throughput of Yeisk Seaport up to 150,700 tonnes in Jan-Feb 09

No reason to transship Russian grain via Ukrainian ports today – Aleksandr Korbut

Port of Tallinn is going to redeem its bonds

Norway releases Russian trawler

February shipbuilding orders down 98.4% year-on-year

Emirates Shipping Line CEO resignes

Tallinn's signes a $50.7m loan agreement with the European Investment Bank

CMA to rationalize SIRIUS service

Oil price down to $41.40 in London and to $42.33 in New York