News 2012 May 5

Odessa Port dry bulk volume jumps 23.3 percent

Australian JV of Shell and PetroChina faces big cost overrun

Rosterminalugol coal traffic reaches 4 million tons

Nordic Yards commences construction on Sylwin alpha offshore transformer platform

Baltic sea index flat, capesize rates rise

FSL Trust secures second three-year time charter contract

Pirates hijack oil tanker off Togo

Russian Govt set to expand Port of Vysotsk

Statoil and Rosneft to ink Arctic oil deal

Austal lays down third JHSV for U.S. Navy

Aker Solutions secures NOK 470m subsea contract from Total

Port of Salalah expansion to boost its capacity by more than twofold

Aker Solutions to deliver engineering and fabrication services to Kvaerner ASA

Jumbo Spirit concludes voyage round the world

Crude exports through Varandey terminal down 2.5 times

FTS to hike charges rates at Russian port by 4.2%

Novorossiysk Port four-month throughput up 9 percent – provisional figure

Port Fleet tugs assist first FSO to anchor at outer harbor of St. Pb Port

PortNews launches new service

Lorenzo Shipping posts 78% income drop

Bulgarian shipyard finalizes upgrade of ATB for Prime Shipping

Wärtsilä names Stefan Damlin President of Wärtsilä Finland Oy

China Shipping widens loss 928pc, allows shipbuilding options lapse

WWL strengthens service to Australia from Europe, North America

Jumbo discharges 1000t autoclaves in shallow port

German ports see potential in Russia

Hapag-Lloyd hikes rates on East Asia-N.Europe trade

EU fine turns Panalpina operating profit into loss

Muuga CT container traffic jumps 33 percent in Jan-Apr 2012

Maersk hikes rates on India subcontinent trade

Crude oil price plummets to $113,18 in London, in New York - to $98,49