News 2009 March 27

Singapore's PSA posts 7.3-per-cent rise in 2008 container volume

Shipping Corporation of India mulls joint venture plan with SAIL

French shipbuilder DCNS plans unit in India

Malmo to get a new port facility

Chennai Container Terminal plans expansion

OOCL starts a new export route through Port of Gothenburg

More than 15 million tons of oil to be shipped through the Barents Sea in 2009,

Russian warships to sail to Horn of Africa on March 29

Ericsson 3 wins longest leg of Volvo boat race

Hutchison Ports total throughput up 2 percent to 67.6 million TEUs in 2008

Two European tankers seized off Somalia

Carriers protest hike in UK light dues

Emirates Shipping hikes rates on India-East Africa trade

Bourbon revenues up 21% to euros931m in 2008

Turkmenistan and Russia agree to jointly develop transport infrastructure

Maersk shifts AE1 service

YRC to close eleven USF Holland depots

Cosco CEO: 'Cash is king'

Nippon Yusen ups stake in Malaysia's TASCO to 61 pct

Shipping Corporation of India to buy 40 more ships by 2012

Oil price up to $52.71 in London and to $53.49 in New York