News 2009 March 19

Russian Railways need government support

Crew of OMG Gatchina declares a strike caused by arrears amounting to EUR 109,000

EU clears European ports deal

A.P. Moller-Maersk cuts costs

India's Krishnapatnam deep-water port announces financial closure for phase II

Paragon Shipping 4Q profit up 29 percent

German shipbuilders face order cancellations of EUR 936 million in 2009

Hanjin Shipping sees industry rebound in 2011

Bangladesh environmental ruling threatens closure of 36 shipbreakers

Transpacific carriers eye changes to rate structure

Barclays extends loan to Russian Railways

Kherson seaport to cut cargo handling by 13.31% to 3.7 mln t in 2009

FESCO PLC negotiations with Korean shipbuilders

Throughput of Vladivostok Container Terminal down 19% to 27,288 TEU in Jan-Feb 09

Russian export to fall 45 pct, including 2.5-pct decline of oil export – RF Government

Two Russians missing after Cambodian vessel capsizes off Kurils

Rosatom sues Zvezdochka shipyard over breach of contract

Stolt Tankers cancels newbuilding contract

Essar Oilfield to add to jack-up rig fleet

Oil price down to $47.66 in London and to $48.14 in New York

Pakistan's deep-water container terminal to be inaugurated in April