News 2011 August 12

Chinese group Kingho to fund construction of port and railway in Mozambique

China Merchants Holdings signs deal to invest in Sri Lankan port

Rosmorport announces RFP for navigation equipment supply

Market sceptical of two Europe refinery projects

Gaddafi forces still hold Brega oil terminal, refinery

Neptune Orient posts Q2 loss

STX Pan Ocean posts Q2 results

Hanjin Heavy chief presents solution to settle strike over layoffs

Yangzijiang to double shipyard capacity by 2013

Philippines to build shipping terminal in Luzon

Dubai’s Port & Free Zone said to be raising $850 million loan

LUKOIL H1 profit soars 54.9 percent

Norwegian bank DnB NOR to finance up to $4B LNG ship orders

Green Alliance cuts Halifax port call

Otto Marine posts Q2 results

Solitaire completes work for Nord Stream pipeline in the Gulf of Finland

Alam Maritim bags $7m offshore vessels contracts

Three North Korean fishing boats rescued in Yellow Sea

Polarcus signs strategic agreement with Russian OAO Sovcomflot

PBCF system invented by MOL and partners ordered for 2,000 vessels

Port of Nikolayev throughput grows 15 percent to 5 million tons

USC’ management reform goes ahead

STX Finland Turku Shipyard starts building multipurpose deck cargo vessel

Throughput of Russian ports down 0.2 percent to 304.7m tons

'Piracy soars' off coast of Benin

Davie Yards CEO headed back to Norway to join STX Norway

Murmansk port H1 profit plunges 30.2 percent

Bay Shipbuilding awards Siemens propulsion system order for two large vessels

Hapag-Lloyd profit drops 87% to $37m

Atlantic Towing expands fleet

Coast Guard publishes proposed towing vessel inspection rules

Seaspan takes delivery of third 13,100-TEU ship

Crude futures price grows to $108,02 in London, in New York - to $85,72