News 2011 December 28

Hong Kong-flagged bulker collides with M/V Cec Faith at port of St. Petersburg

Turkish ship sinks off Samos in Aegean Sea

Seago Line starts a new direct weekly Med. service

Port of Klaipeda traffic grows to over 36 mln tons in Jan-Dec

CONCOR to start services from Madurai to Karaikal, Delhi

Tanker traffic halted in Istanbul due to heavy fog

Vale giant ore ship makes maiden arrival in China

Pressure builds on Indonesian firm to settle Freeport dispute

PetroChina, Sinopec to invest $22 bln in east Zhejiang

South Korean Araon escorted troubled Sparta out to open water

China keeps global lead in shipbuilding

Port of Oakland looks to prevent another shutdown

COSCO Shipping Co., Ltd. to set up two JVs

EU gives $2m to fight piracy in the region

Indonesia's govt urged to remove freight tax to boost local shipping business

Maersk Line doesn't plan to use option to buy 10 more Triple-E ships

Transport Ministry clarifies its draft order on ship's crew certification regulations

Shipowners scrap most container vessels in 2 years

U.S. container trade up 3.7% in 2011

St. Petersburg dam prevents flooding of the city

LUKOIL, Bashneft form JV to develop Trebs, Titov fields

S. Korean Araon to escort repaired FV Sparta to open water

India's L&T, Mitsubishi to sign shipbuilding pact

COSCO Shipyard Co. wins conversion of large crude carrier to FPSO

Bangladesh to build Chittagong port as gateway to SA's business hub

Evergreen Marine to step up CKYH alliance cooperation

Malaysia's Northport allocates RM272m to buy equipment

U.S. sues FedEx for alleged cargo container violations in 2008

Tuticorin container throughput up 5%

Crude futures price up to $109,27 in London, in New York - to $101,34