News 2009 March 16

Fitch rates JSC Russian Railways' bonds 'AAA(rus)'/‘BBB’

Marine Facade (passenger terminal in St. Petersburg) to accept first vessel May 4, 2009

“Elektron” captain Yarantsev new Head of Teriberka

19 shipbuilding and ship repair enterprises to be privatized in 2009

Sinotrans profit up 146.4 percent to $347.1 million in 2008

Baltic Dry Index declines for third straight week

Wallenius Wilhelmsen Logistics to lay-up 15% – 20% of its fleet

Tianjin Port Development Holdings to pay $1.4 bln for Tianjin Port Co

Storage tank operator Royal Vopak net profit up 17% to $274 million in 2008

Philippine local shipping firms cut bunker surcharge

ASC sees no grounds for taking tonnage dues from vessels transiting Rostov-on-Don port

Russia's KamAZ restarts assembly line after fourth 10-day pause

Primorye fishing companies to get significant federal support

Russia to reduce oil export duty to $110 per tonne on Apr 1, 2009

Russia's oil output down 1.9% to 575 mln bbls in Jan-Feb 09

Russia to cut oil exports for long-term stabilization of domestic market of crude and petroleum

First tug to support tankers in Kola Bay delivered to SCF Group

TransContainer buys back bonds

South Korea's STX Shipbuilding rebranded as STX Offshore and Shipbuilding

Iran signs $3.2bn natural gas deal with China

Japan to propose global levy on bunker fuel-source

China's Ying Kou Port to invest up to 3 billion yuan to build new ports this year

Oil price down to $44.93 in London and to $46.25 in New York

Singapore container traffic drops by 19.8 per cent in February

Jebel Ali Port launches online cargo services

EC filed a lawsuit against Estonia over waste generated by ships