News 2012 July 20

China beefs up its fleet of boats in disputed area

Transit traffic on the NSR to exceed 1 million tons

Cornerstone laying ceremony kicks off Sabetta Port construction

Two UCL’s rail divisions mull merger

Golden Ocean agrees to accept newbuilds late delivery from Zhoushan Jinhaiwan Shipyard

Wärtsilä to provide 9 engines for Kuwaiti Tankers

Lukoil-Bunker’s unit to supply fuel to ships passing northern sea lane

Coast Guard coordinates response to sunken barge, capsized tugboat in Lake Huron

Euronav blames overcapacity as it widens losses in H1

M/V Alaed with choppers for Syria docks at Baltiysk port, a source says

Port of Vysotsk six-month traffic volume falls 12%

Kleven Maritime wins LNG PSV order from Remøy Shipping

Rosneft purchases a 6-percent stake in Itera

UBS Bank wins to sell state’s stake in NCSP

Big Port St. Petersburg cargo volumes down 3% in H1

South Korea pledges $3bn to offshore and Arctic shipping research

SOCAR drills new well in Caspian Sea

Mitsubishi Heavy Industries renews engine licensing with HHI

Fairstar confirms commitment to third new build vessel

Bank withdraws loan to Precious Shipping

Jasa Merin gets ExxonMobil contracts

HII's division wins $43m contract modification for CVN 79 materials

Bunker prices extend gains in all markets Thursday

MISC Berhad eyes profit after exit from container shipping

Kinder Morgan and BP North America enter into long-term agreements

Crude oil price soars to $107,85 in London, in New York - to $92,66