News 2011 May 5

Port of Archangelsk posts 25% cargo volume growth to over 1m tons

Port Kavkaz throughput down 17.7% to 1,74m tons

Oil refiner Petroplus posts Q1 results

Matson reports Q1 loss of $7.4 million

Krasnoye Sormovo to launch 4th vessel for VF Tanker

FCT’s box volume grows 4.7% to 369,370 TEUs

ABS establishes China Offshore Technology Center

Wartsila wins design and equipment contact for Rem LNG-fueled PSV

Incat Crowther designs two ferries for Russian shipyard

Turkey reconsiders discounted transit fees for ships Bosporus passage

VF Tanker takes delivery of lead ship from Krasnoye Sormovo

Vinashin's Development Bank loan extended

Laying of Nord Stream pipeline first leg completed in the Baltic Sea

Bellingham port hopes to reactivate its cargo terminal

Belgium finds radiation on containers from Japan

Hyundai Mipo posts Q1 results

SITC to build two container vessels for Yangfan Group

China to expand Yangtze shipping by 2015

Samudera Shipping expands NKX service

Rickmers-Linie upgrades India-Europe service

Su-Jou Kim makes management changes at STX Finland

Vostochny Port’s throughput grows 15% in Jan-Apr, to 5,3m tons

Crude futures price falls to $121,19 in London, in New York to $109,24

Kandla Port to rise capacity to 125 mln. tonnes by 2013-14