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Russia 's GDP fell an estimated 10.1% in January-June 2009, Economic Development Minister Elvira Nabiullina said on Wednesday according to RIA Novosti. At the same time, industrial output, net of seasonal and calendar factors, increased 0.8% in the reporting period, the minister said. Nabiullina said the Russian economy had sufficient po...
In the face of the changed economic situation, it is necessary to reassess the possibilities of financing the project Rail Baltica and strive for new and simpler decisions. It is obvious that it will be too difficult to ensure the necessary financing for the previously planned technical solutions from the state budget or the revenues received by Lietuvos G...
In the first half of 2009, Archangelsk Sea Commercial Port OJSC handled 612,000 tonnes of cargo (-27.8%, year-on-year), the company officially states. In June, the company handled 109,100 tonnes of cargo (-44.3%, year-on-year). In the 6-month period, the company handled 26,800 tonnes of non-sea cargo (against 46,300 tonnes in January-June 08), 116,900 t...
PKN Orlen S.A, shareholder of the oil refinery Mazeikiu Nafta, has decided to change the company's name to Orlen Lietuva. The company reported that the new name would facilitate the company's identification with Orlen Group and ensure smoother, clearer and simpler communication and cooperation with wholesale and retail consumers ...
Russia's oil output (including gas condensate) increased 0.1%, year-on-year, in January-June 2009 to 242 million metric tons (1.77 billion barrels), the Federal Statistics Service Rosstat said on Wednesday according to RIA Novosti. In June 2009, crude oil output expanded 1.4%, year-on-year, and 2.8%, month on month, Rosstat said. At the same...
On July 13, the Board of Directors of North Western Shipping Company OJSC elected Vladimir Kasjanenko as the Chairman of the company’s BoD, PR Department of NWSC reports. Vladimir Kasjanenko was born in 1965 in Kazakhstan . He graduated from radio engineering department of Admiral Makarov State Maritime Academy in1987 as...
The Murmansk Shipping Company is ready to invest in the development of the Shtokman field. The company – the biggest freight operator in the Arctic – says it plans to assist the Shtokman Development AG with the construction of port infrastructure. In a press release, the MSCO confirms that it plans to develop port ...
Rio Tinto and Mitsui O.S.K. Lines, Ltd. yesterday announced an agreement on a number of dedicated long-, mid- and short-term contracts for transport of iron ore using Cape-size vessels and a 250,000 dwt iron ore carrier. MOL's Cape-size fleet, the world's largest, gives Rio Tinto access to modern, reliable vessels and its emphasis on safe operation align...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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