News 2012 August 30

Statoil and Rosneft sign agreements for Russian offshore exploration

China Cosco first six months loss up 76.7%

Georgia braces for port strike

ABG request to quit India project denied

Socar buys 1st naphtha lot from India ONGC

Dempo Shipbuilding buys 74% in Modest Infrastructure

CSC Phoenix transfers ship assets and liabilities

Jebel Ali port expansion to finish by end of 2014

Maersk Line appoints new East China head

Japan's Nansei refinery resumes berthing after typhoon

Brazil to boost financing of shipbuilding fund

Saudi Arabia invests $750 million on Dammam Port

Container shipping company MSC becomes new Ports of Stockholm customer

Indonesian energy minister calls for smaller LNG tankers

China Merchants Holdings acquires a 50% stake in a container terminal in Togo

Shin Yang Shipping profit down 41.2%

Tanker with Russian crew found near Nigeria

Damen Shiprepair Brest secures first LNG carrier contract

Total enters exploration in Bulgaria with award of the Khan Asparuh offshore license

MSC announces RMT from North Europe and Greece-Turkey

Statoil starts transportation of crude oil by rail

USCG assists residents impacted by Tropical Storm Isaac

Gazprom in talks on Shtokman project future

Statoil subsea gas complession technology gets ONS award

Fincantieri shipyard lays keel of Regal Princess for Princess Cruises

Quadrise enhances its synthetic fuel oil

Russia’s Inland Waterways law goes into effect

Total Marine Fuels to supply low sulfur fuel in Singapore

USCG praises ASA for effectiveness in MSC Idil salvage

Austal results "below expectations"

Indonesia ratifies several IMO instruments

Singapore arrests two Italian vessels

Typhoon Bolaven disrupts Sakhalin-mainland ferry traffic

FESCO posts H1 net loss of $ 60.94m

Damen delivers innovative RV Simon Stevin to Flemish Gov't

UK Shipping Committee raises ECA concerns

USCG suspends search for missing cruise ship passenger

Titan makes counter claim against GCL

China Shipping Container Lines doubles H1 loss to $200m

Gazprom freezes Shtokman project

Tembin causes chemical carrier backlog in China

Mid-week bunker prices continue downward

Final joint of Nord Stream’s second string welded

Sovcomflot’s tanker joins rescue operation off the coast of Spain

ULSTEIN develops BRIDGE VISION™