News 2009 March 23

Most VLCC freight rates out of Persian Gulf at 4-year lows

CKYH Alliance to rationalise Far East – US East Coast services

Baltic Dry Index records biggest weekly fall in 3 months

Horizon Singapore Terminals completes expansion of US$306 million bulk liquid storage terminal

Hyundai Heavy to issue W1 tril. bonds

Odessa sea port to compensate for the losses of containers and sugar with grains and metal

MOL car carrier escapes pirate attack

Kaohsiung throughput down 10.99 percent to 551,000 TEUs in February

Venezuela brings ports under federal control

Vakaru laivu statykla to construct a gas-powered ferry

Clarkson: “Perfect storm” in boxship sector

Duma to review amended annual budget

PKN Orlen fails to close Mozejek deal

More details of Chinese shipbuilding stimulus plan revealed

Qatar Navigation and Qatar Shipping to merge by this fiscal year

Sri Lanka's Hambantota port first stage to be completed by the end of 2010

Murchison, Mitsubishi to build iron ore port in Australia

S.Korea's Hanjin Shipping to lift 2009 investment to US$875 mln

Oil at sea fills 40 supertankers: Frontline

Somali pirates release Indian vessel

Marseille container traffic down 32 percent in February to 62,049 TEUs

Oil price up to $51.9 in London and to $52.61 in New York