News 2010 December 20

Kavkaz-Samsun rail ferry service launched

Besiktas Shipyard launches 7,000dwt tanker for Palmali Group

Yantar Shipyard starts building a frigate for the Russian Navy

India starts river project in Myanmar

Bore to open ro-ro service between Finland and Sweden

DFDS terminates the ShortBridge service

Somali pirate ranked 4th richest in global shipping business

Volga-Balt hikes rates for services on inland waterways

Container shipments at FCT regain volume - NCC

Russian shipyards can build Mistral, Rubin Bureau CEO says

St.Petersburg sub’s testing to continue next year

Statoil, Petrobras strike oil on Indra prospect in Brazil

Experts predict a 4-fold gain in Turkmenistan’s oil exports by 2020

China gives environmental nod to fuel oil blending project

CNOOC's Jieyang LNG terminal gets environmental nod

Vietnam produces its first electric cables for ships

Hanjin Heavy plans to axe more staff

Yangzijiang Shipbuilding to buy out Jiangsu Zhongzhou Marine

37 die as overcrowded boat sinks in Bangladesh

Turkmenistan acquires its first chemical tanker

Caribbean carriers to introduce bunker rate hikes

China Merchants buy 20pc stake of Chu Kong River Trade Terminal

CSAV reduces capacity on 'New Discovery' Asia-South Africa service

Westports seals long-term deal with China Shipping

Daewoo Shipbuilding unit gets nod for gas project in PNG

Crude-futures price is up to $91.67 in London, in New York - to $88.02