News 2009 May 19

Investment into infrastructure of Klaipeda port to make $283 mln by 2015

Maersk Line's rate increase in N. America to Mediterranean and N. African trade to be effective July 1, 09

Throughput of rail-ferry service Sassnitz-Baltijsk-Ust-Luga up 8 times to 171,600 t in Jan-Apr 09

Japanese ship orders sink 74 percent

Decision on reduction of tariff for cargo transit to Kaliningrad Oblast to be taken on May 22

Russia to hand over captured pirates to 3rd party

Net profit of Sea Port Saint Petersburg up 5.5 times to RUR 42.1 mln in Q1 09

Gibraltar plans could create more bunkering capacity

Drydocks World adds 2 berths for FPSOs

Klasco intends to sign a contract with Nord Stream

Net loss of Novolesexport OJSC totals RUR 53.6 mln in Q1 09

PRISCO net profit up 14% to RUR 99.4 mln in Q1 09

Net profit of Commercial Seaport of Tuapse up 35% to RUR 242 mln in Q1 09

Over 30,000 automobiles expect shipping in the Port of Kotka

Russian and Lithuanian Ministers for Transport has discussed railway transportation in Klaipeda

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

Net profit of Ust-Luga Company down 25.7 times to RUR 6.3 mln in Q1 09

Private Ukrainian ports keep market positions

APM Terminals joins Bollore Group to build new Congo terminal

NYK, India's CONCOR join in railway service for containerised cars

Singapore's Asia Shippers Council blame cartels for boom, bust cycle

ICTSI sees net earnings fall 44pc to US$20 million

Hong Kong to cut ship fees at annual cost of US$2.2 million to itself

Oil price up to $58.47 in London and to $59.03 in New York