News 2009 April 20

Krasnoye Sormovo to build 3 tankers for KazMorTransFlot for $66.450 mln

Ukraine’s water transport companies cut transportation of foreign trade cargo by 55.7% to 1.1 mln t in Q1 09

German energy major E.ON to cut its stake in North Stream pipeline

Navigation in Pechora Basin not to start before May 8, 2009

Azerbaijan returns attached Sarmat-1 vessel to Russia

APM mulls LNG terminal at Pipavav

Linde unit picks NCC to build Sweden LNG terminal

Taiwan International Shipbuilding denies order book collapse

"K" Line and TSK merge services between Japan and Southeast Asia

China Merchants reports 4.5% rise in 2008 profit

Frontline suezmax and Greek chemical tanker attacked by pirates

Netherlands is Europe's number two exporting country

Latvia set to propose alternative to Nord Stream

Riga port plans to serve 90 cruise ships in 2009

FESCO expects decrease of cargo transportation by 25-35% in 2009

MSC to launch two services in Americas

Ukraine, Russia, Slovakia and Austria to create joint venture to organize a railway corridor

Canada to relax first-port policy

TransContainer cuts cargo transportation by 12% to 300,000 TEU in Q1 09

Cargo turnover of Latvia's small ports up 0.4% to 327,100 t in Q1

Panama creates register for laid up vessels

COSCO's CEO anticipates rate rise in Q2

Ocean carriers must do more to cut capacity: Drewry

China Shipping to increase investment in Shanghai

Oil price up to $50.33 in London and to $53.35 in New York

Russian Association of Bunker Suppliers signs agreement on cooperation with RF Transport Ministry

Yuri Parfeonov – new deputy head of Russia’s Federal Agency of Marine and River Transport