News 2009 May 4

North Western Shipping Company commences cargo transportation by Volga-Baltic waterway

First phase of transshipment complex opened in Olya port

BOD of Murmansk Commercial Seaport recommends payment of dividends

RAS net profit of Vyborg Shipyard up 14.4 times to RUR 261.3 mln in Q1 09

Kuwait group drops plan to buy Manila shipping firm

Baltic Dry Index up 1.1% on rising steel prices

South Africa's new Ngqura Container Terminal to be launched

China Shipping to order dry-bulk ships as prices fall

Pakistan to modernise ports

Strike at Vancouver ports prevented

Sea Port of Saint-Petersburg accomplishes handling operation of equipment for indian atomic power plant

Net profit of Commercial Port of Vladivostok up 2.7 times to RUR 622.9 mln in Q1 09

Russian warship escorts first commercial convoy off Somali coast

New bridge across Volga River constructed in Ulyanovsk

Panama Canal to cut some tolls in June

Kherson Shipyard (Ukraine) completes construction of 5,770-dwt Volga-Don max dry cargo carrier

Net earnings of Yuzhny port (Ukraine) up 2.1 times to UAH 353.7 mln in Q1 09

Russian coast guards seize 7.5 t of illegal crab in Far East

Oil production in Russia not expected to fall significantly in 2009

Lines link on transatlantic service to combat falling volumes

Keppel loses rig contract

Funding agreed for Samsung consortium to build new Brazilian mega-yard

Somali pirates seize two ships

UAE Ship Owners Association gets a new president

Montreal Port drops tariff increase on June 30

India's Vizag Port to expand cargo handling capacity

MSC inks six-year Baltimore contract extension

APM Terminals joins Congo terminal group

Asia-Australia lines hike surcharges

Maersk hikes Asia-Latin America rates

A.P. Moller-Maersk in talks to sell Norfolkline

Grimaldi Group ro-ro service begins at Port of Boston

Somali pirates seize ship with Ukrainian crew - ministry

Oil price up to $52.85 in London and to $53.2 in New York