News 2009 May 12

Sea Port of Saint Petersburg completes first phase of unified information system

The EBRD is contemplating Senior A/B Loan to JSC “TransContainer”

North Western Shipping Company starts tugging barge for Kazakhstan shelf works from Nevsky shipyard

A.P. Moeller-Maersk A/S posts net loss of $390 million for Q1

Ventspils nafta terminals to pay LVL 1.3 mln in dividends

Ports of Auckland confirms terminal reorganisation

Somague consortium wins LNG terminal contract

Braemar Shipping FY '09 pretax profit rises 10 pct

Furetank to split from Maersk/Brostrom

PortNews to hold Round Table “Bunker Convention in RF: shipping and insurance” on May 26 in Moscow

Chalco, COSCO Group become strategic partners

Korea Express forms joint venture with Saigon Port

Three Chinese shipping companies to invest in Kaohsiung

Several Danish cargo shipping companies to create North European ro-ro company

Maersk container transportation down 14 pct in Q1

Neptune Orient Lines loses US$245 million in Q1

Net profit of Nakhodka oil port up 15.7 times to RUR 20.7 mln in Q1 09

Cargo turnover at Ventspils port down 2.4% to 10.5 mln t in Jan-Apr 09

Throughput of Liepaja port down 14% to 1.3 mln t in Jan-Apr 09

Eugenijus Gentvilas, former mayor of Klaipeda, to become Director General of Klaipeda port

DP World’s parent may sell minority stake in company

JP Morgan and UBS up stakes in CSCL

PT SMOE Indonesia consortium bags US$430m offshore contract

70% of bulker orderbook must be cancelled: Credit Suisse

TUI eyes 2009 profit

Placing of orders at foreign shipyards is unacceptable – Vladimir Putin

Excess tonnage pushes down Persian Gulf-Far East VLCC rate to w25

Korea, Congo to co-develop Port of Banana

OOCL, COSCON and TSK Line to launch Middle East Express

India’s port tonnage down to 45 million tons in April

LA Port to pay incentives for alternative fuels

MISC fourth fiscal quarter profit drops 76 percent

Panama adds capacity

Maersk, CMA CGM to launch joint Service

Russian tanker escapes pirate attack off Somalia

Hapag-Lloyd lost $302.5m in Q1

Marine Insurance Forum 2009: Russia & CIS to be held in Moscow on June 25-26

Cargo handling in Klaipeda port down 18.6% in Jan-Apr 09

Cargo turnover of Riga port up 3% in Jan-Apr 09

Russian trawler runs aground near Medvezhy Island

United Shipbuilding Corp. to get controlling stake in Amur plant

Oil price down to $57.48 in London and to $58.50 in New York