News 2009 May 18

Net profit of Yantar shipyard totaled RUR 106.4 mln in Q1 09

Net profit of Novoship up 2.9 times to RUR 269.8 mln in Q1 09

HHLA reports distinct downturns in revenues and earnings

Riga port leads other Latvian ports by January-April handling of coal

Nordic American raises $130M

Baltic Dry Index extends gain for 11th week

Poland selling Szczecin shipyard to save jobs

Commercial Port of Vladivostok acquires 80% of Primorsk Forwarding Company

Net loss of Murmansk Shipping Company totaled RUR 439.6 mln in Q1 09

Throughput of Yuzhny port down 7.6% to 6.65 million tonnes in Jan-Apr 09

Net profit of Novolesexport up 2.5 times to RUR 88.4 mln in 2008

Throughput of Vanino port down 16% to 1.87 mln t in Jan-Apr 09

MISC to quit Grand Alliance, abandons Asia-Europe for intra-Asia

Intercargo warns on “disintegration of trust”

USCG issues anti-piracy rules

Gazprom and Bulgarian Energy Holding sign Cooperation Agreement in the framework of South Stream project implementation

IMO adopts United Nations scrap yard convention in Hong Kong

MOL to launch Vietnam-US west coast service

Cargo-Partners put green accent on Singapore opening

Orion Marine wins US$16 million Caribbean container terminal deal

Commercial Port of Vladivostok sums up four month work 2009

Oil price down to $55.98 in London and to $56.34 in New York