News 2007 April 23

New container terminal to be built at the port of Vladivostok

Shipping companies of Odessa region up cargo delivery by 9% in Q1 07, y-o-y

Throughput of the port of Klaipeda (Lithuania) up 12.6% in Q1 07, y-o-y

LUKoil sells 50% stake in Caspian Investments

Poland goes back to drawing board

Zim decided to exercise option for 10,000-TEU containerships

Samskip strengthens its presence in South America

Railway ferry joined Russia and Georgia

Russian Railways and DPRK Ministry of Railways sign memorandum of intention

COSCO spends on Chinese ports

Crude freight almost at 3 1/2-year low

Daewoo Mangalia faces strike action

Sakhalin exports more oil

RZD teams up with European partners for better rail services

Iran halves tariffs on Iraq-bound goods

GML sets up first office in Europe

Tanzania woos landlocked trade

China crane firm wins Maersk $200m order

Regular transit navigation at Volga-Baltic waterway to start April 30

Xiamen Port buys 50% stake in Songyu terminal

RF Government brings a bill On Seaports into State Duma

Fitch revises Severstal rating outlook from stable to positive

Lithuania proposes multimodal scheme to link Central Asia and Klaipeda

Oil price up to $66.49 in London, and to $64.11 in New York

OOCL first quarter revenue up 11.6pc on rising Asia-Europe volumes

Zhejiang ports' box throughput surges 53pc in Q1

CIMC (China) named top corporate governance performer

Wuhan to gain national standard status for logistics park

Vycon to market flywheel device in ports worldwide

GGL launches direct service from Singapore to Busan

NileDutch doubles feeder service in West Africa

JNPT (India) improves global ranking in box handling

SCAN signs agreement with V Ships

DOF Subsea ASA to acquire CSL

RM400m Bintulu port (Malaysia) upgrade

Fall in Hong Kong cargo volume

Bharati Shipyard plans to build bigger ships

COSCO inks contracts to build 66 ships