News 2011 August 9

Essar Ports Q1 net profit at Rs 39.61 crore

Port of Riga throughput grows 16% to 20.03 million tons

Ust-Luga JSC to spin off transport and logistics unit

BP files suit against TNK-BP partner

Near-record Arctic ice melt opens Europe-Asia shipping routes

Ukraine lawmakers cancel VAT in port charges

Aruna Shipping orders three supramax-bulkers from Hyundai

Oil spill at oil depot dock of RN-Arkhangelsknefteprodukt

ICTS expects to complete construction on first phase of terminal at Port of La Plata next year

DP World launches 'BUY World' in partnership with Tejari and BravoSolution

China Rongsheng wins contracts for four 6600TEU containerships

Russian-flagged ship is dead in the water in the White Sea

India's government to issue notification on armed anti-pirate guards

Orient Overseas announces 2011 interim results

ICS supports the role of IMO on CO2 emission reduction

Japan extends punitive tariffs against US

MCC starts China-Bangladesh service

Kuwait will build megaport despite threat: official

Two Indonesian firms to create an LNG joint venture

Matson ends one of two China services

Transportation stocks lead market dive

Union says it still plans to bid for bankrupt SeaFrance ferry company

HII delivers submarine ahead of schedule

CSAV to rise India-Europe rates

Kirby exercises option for second AT/B from Signal International

Hebei ports boost six-month throughput 16.7% to 346m tonnes

Noble to mobilize semi from GoM to eastern Mediterranean

Navy taps Donjon for salvage services

Rosnefteflot, RN Bunker in time-charter agreement for a bunkering tanker

Crude futures price plunges to $103,74 in London, in New York - to $81,31