News 2009 April 17

Cargo turnover in Latvian ports down 1.4% to 16.6 mln t in Q1 09

RF Transport Ministry supports idea to let foreign vessels pass through Russian inland waterways

St. Petersburg shipyards are fully booked with orders – Mikhail Oseevski

Novoship settles dispute with Galbraith’s

Standard & Poor’s give highest rating to Russian Railways’ series 14 bonds

Los Angeles to build $470 million crude oil terminal

Antwerpen container traffic down 16.3% to 1.74 mln TEU in Q1 09

Net loss of Ukrrichflot totals UAH 21.3 mln in 2008

Throughput of Ventspils port down 6% to 7.8 mln t in Q1 09

Commercial Seaport of Tuapse to complete construction of 2-mln t grain transshipment complex in H2 2009

Ukraine legalizes "dry ports"

Evergreen changes Asian port rotations

Iraqi cabinet signes an agreement with an Italian consortium to construct a 2.8-billion-euro port on the Gulf

Ningbo-Zhoushan’s development blueprint approved

NOL expects $359m loss in Q1

Norden sells two bulkcarriers

Throughput of Commercial Seaport of Tuapse down 12% to 4.2 mln t in Q1 09

MHI, Wartsila and CSIC joint venture in China completes construction

Benchmark crude for May delivery up 73 cents to $49.98 a barrel on NYMEX