News 2007 April 25

Novoship's net profit under RAS increased 49% to $180.69 mil in 2006

Oil export duty may increase to about $200 per tonne from June 1 - Minfin

Ports of Tallinn (Estonia) and Ninbo (China) sign agreement on container transportation development

Shreyas Shipping, Maresk may tie-up for Kolkata-Chennai service

Kazakhstani oil may be transported via Baku-Novorossisk pipeline

International Commercial Seaport of Aktau (Kazakhstan) handles 2.86 million tons of cargo in Q1 07, y-o-y

FESCO liquidates Vostochny Express Service CJSC

Trading on oil product exchange may start June 1 - ministry

Ukrainian refineries to distill 1.2 million tons of oil in April 2007

Norilsk Nickel posts higher nickel production in Q1

New container line to link Vladivostok and S. Korea

Transport vessel flying Belize flag detained in Sea of Okhotsk

Investments into the port of Aktau to exceed $100 million in 2007

7,000-kilometer road to be built around Black Sea

Oil price down to $67.16 in London, and to $64.58 in New York

Cosco container volume and revenue rise in Q1

K Line, MISC and PIL’s Asia upgrade Asia – South Africa service

Russian Navy tests Panther Plus submersible

SMIT and union make peace in Rotterdam

Record high113.5 million grt classed with DNV

Clipper signs up for more bulk carriers from China

Wisby Tankers doubles fleet

The third phase of Mobi Dick not to be built – Valentina Matvienko

Guangxi to spend US$13b on expanding railways

EU plans shipping emissions cap before 2008

Antwerp starts strong with Q1 TEU throughput up 17pc

"K" Line launches Asia-East Coast South America container service

ASL Marine's to double capacity with new shipyard in China

Adani plans JV with Tsuneishi for shipbuilding

The Commonwealth Ports Authority board approves four port projects

Romanian shipbuilding boasts 1bn dollar record

Diana Shipping Inc. announces new long term time charter contract with B.H.P. Billiton

Shanghai Zhenhua Port extends 5-year sales contract with AP Moller Maersk

Azerbaijan Investment Co., STX Corporation ink two memos in Seoul

Eitzen orders two new tankers from new shipbuilders in Korea

Keppel gets S$160m contracts for vessel conversion, shipbuilding

China Shipbuilding, Mitsubishi, Wartsila 75 mln eur jv cleared by EU

Kalmar lands major St Petersburg order

AP Moller Maersk to increase its stake in South Asia Gateway Terminals

Shippers protest FEFC rate rises