News 2011 May 19

Russia's Global Ports to market IPO next week

More capacity on the Baltic and Scandinavia

Port of Rotterdam Authority presents development strategy

Torm posts Q1 pretax loss of $44.9 million

Safmarine returns seasonal SAECS Reefer Express service

OOCL rises capacity on the Baltic and Scandinavia

Varun Shipping signs contract with Petrobras

Christian Breinholt appointed as chairman of IMOs MSC

State-owned stake in Port Vanino auctioned off for over RUB 10bn

OOCL announces senior management executive movements

CSSC Guangzhou to build tanker for Shanghai NorthSea Shipping

Baltic Exchange to launch Baltex on 8 June

COSCO appoints Rita Fan as non-executive director

Daewoo to build shipyard in Batam Island

Navios Maritime Partners to buy two vessels for $130 mln

Mistral warship contract to be signed not earlier than 2012

Sevmash cuts net loss by over 3-fold, to RUB 692,9 m

Baltiysky Shipyard’s Q1 loss shrinks by 6.1% to RUB 9,2 million

Severnaya Shipyard’s Q1 net loss down 56.1% to RUB 325,2m

NOL and SITC invest in Qingdao container terminal

PTT’s to start Rayong LNG terminal in June

Hyundai Merchant Marine signs long-term coal transport deal

Nakheel to split from Dubai World by mid 2011

Ukrainian bulker stranded off the coast of Greece

Hoegh LNG applies for stock exchange listing on Oslo Stock Exchange

IMF's Dominique Strauss-Kahn steps down over sex charges

Global shipping leaders call for action to create sustainable industry

German tanker rescued from pirates

New appointments in Russia broaden reach for Wilhelmsen Ships Service

ECO expands its newbuilding plans

Crude futures prices soar to $112,3 in London, in New York - to $100,1