News 2011 December 27

USC boosts its share in Krasnoye Sormovo Shipyard to majority ownership

Russia to deploy Bulava ballistic missile

Mega Vale iron ore ship sails for Philippines

Mundra Port plans to handle 100 million tons of cargo in FY13

COSCO Singapore wins FPSO conversion contract

Pirates hijack Italian tanker with 18 crew

Two bodies from sunken Ginga identified as Sakhalin residents

Rosterminalugol handles over 1,250 ships since 2001

BSEE conducts unannounced spill drill to test subsea containment response

Palmali in agreement with LUKOIL to build a TIB for the Caspian Sea offshore fields

Mitsubishi Heavy Industries to license shipbuilding technology to L&T Group of India

Daewoo Shipbuilding aims for $11 bln new orders in 2012

Bharati Shipyard board approves $540 mln debt restructuring

Iran destroyer saves Saudi oil tanker

China Cosco, Evergreen in pact with 3 shipping lines on Asia-Europe service

Moody's downgrades Sovcomflot's CFR to Ba1

VBTH secures a $138-m long-term loan to expand tankers fleet

Severnaya Verf stockholders to re-elect board members

Gosmorrechnadzor expands patrol boats fleet

Hoegh delays Hyundai FSRU options

Russian Navy carrier group enters Mediterranean

Iran-ban threat pushes tanker hiring to record

Earnings of smallest bulkers fall to lowest in 33 months

Saudi Arabia oil loadings down 28%

ICTSI to invest $21m in port facilities

St. Petersburg bracing for storm, closes dam

Namsung orders three 1,850teu boxships for Southeast Asia trade

Palestinians set to build a port in Gaza

Russian fishing ship sinks off Norway

Storm delays passenger ships call at Port of St. Petersburg