News 2007 April 2

FESCO Group purchases Transgarant

Severstal posts 2.3% rise in RAS net profit in 2006

Severstal IFRS net profit falls 30% to $1.2 bln in 2006

World's largest nuclear icebreaker put to sea in St. Petersburg

Hapag-Lloyd restructures North Europe-Australia/New Zealand service

ProLogis develops new industrial park in Japan

ICCT calls for more SECAs

Polemis calls on Asian shipping to speak out

ISS wins a tender to handle the tanker fleet of Eni (Italia)

Canada exempts portable tanks

Sovcomflot plans flotation

Rotterdam only a little busier after opening of the Rhine

Samco names Sinochem as the third and final charterer of its new series of VLCCs

FEFC announces bunker, currency adjustments for May

China Shipping Dev. pays RMB 3.27 bln for new fleet

Tatneft decreased oil production by 17% to 2.217 mil tons

Aker Yards to build billion-dollar cruise ship at Finnish shipyard

Union Pacific proposes upgrade at Port of L.A.

Russia to oversee international naval exercises in Black Sea

Throughput of Murmansk Commercial Seaport down 6% in March 07, y-o-y

LUKoil RAS net profit declines 16.9% to $2.1 bln in 2006

Potential of Baltic region container market to make 8 million TEU by 2011

Cargo turnover of the port of Muuga to reach 50 million tons by 2010 – forecast

Transshipment of oil products in the port of Tallinn to reach 40 million tons by 2010 – forecast

Rosneft to bid for Yukos 20% stake in Gazprom neft

Throughput of the port of Primorsk to reach 125 million tons in 2008 – Grigori Dvas

Seventeen tons of oil spilled in Samara pipeline rupture

Russia cuts oil export duty to $156.4 per ton from April 1

US refuses to block tariffs on Chinese paper-product imports

Sical Logistics-L&T consortium for iron terminal at Ennore

Jade wins major port contract in Europe

STX Shipbuilding to spend US$1b in China

PRISCO Training Center educates specialists for Sakhalin Energy

CKYH Alliance to shake up AWE services in May

Chiwan throughput up 48pc in February

Marseille port up and running after deal

Ecu-Line to start service to Thailand's Laem Chabang