News 2009 June 5

Special attention to be paid to Russia’s IWW in the nearest future – Deputy Transport Minister

Abu Dhabi upping refining capacity by 400,000 bpd

Clarksons gets green light from Dubai financial authority

Costa Crociere secures $780m newbuildings loan

Mombasa to build new terminal to ease congestion

Namibia to construct new terminal

Certain port infrastructure facilities to be completed in 2009 – Deputy Transport Minister

Portuguese firm to build terminal in Angola

United Industrial Corporation and Sovcomflot sign agreement on cooperation

Throughput of stevedoring company Avlita (Sevastopol) up 47% to 2 mln t in Jan-May 09

It is two early to talk about the end of the world financial crisis - Medvedev

RZD to place 15 bln rubles in bonds on Jun 15

Russia says $75 per barrel reasonable price for oil

Rosneft eyeing export of oil products via Gunvor terminal in Ust-Luga

Krasnoye Sormovo completes construction of 13,000-dwt tanker for Caspian Shipping Company

BZD reduces cargo transit tariffs to Kaliningrad

Chemoil to expand fuel supply to Indian ports

Qatar Navigation, Qatar Shipping to merge in 6 months

China says to encourage shipbuilders to list shares

Japanese vessels arrive in Sakhalin to participate in Russian-Japanese war games

Maersk launches a new South America-Europe-Russia container service

Hoegh Autoliners to launch service between the Middle East, India and Africa next month

Oil price up to $68.71 in London and to $68.81 in New York