Russian oil sector left in red
MOVES to cut export duties on crude oil and petroleum products, signed by Prime Minister Vladimir Putin this weekend, are continuing to leave Russia's oil trade in the red.
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German ports keep top priority
GERMANY must continue efforts to improve its port and hinterland infrastructure, regardless of today’s slowing of traffic growth and the global financial pinch, a port umbrella group has warned.
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All that glimmers is not steel
“A GLIMMER of good news is out there for shipbuilding, as costs will fall as a result of falling steel plate prices,” steel consultant John Kovacs of CRU has assured a London ship finance conference.
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Brokers keep price tags blank
BROKERS stopped many ship valuation services as of the beginning of October, Dagfinn Lunde, member of DVB Bank’s managing board, has told a ship financing conference.
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Customs, phone home
MALAYSIAN police have detained an Indonesian vessel suspected of trying to transport a contraband cargo of mobile phones worth 3.2M ringgits ($907,000).
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Polish treasury sees EU yards deal
POLAND’S deputy treasury minister has declared that Warsaw has reached a compromise with the EU and that a bill to allow its bankruptcy-threatened shipyards to be sold will be sent this week to the EC.
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Shenzhen maritime chief sacked
SHENZHEN Maritime Bureau chief Lin Jiaxiang has been sacked and is being investigated on suspicion of involvement in a child molestation case, Shenzhen’s ministry of transport has said.
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