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MARKETS * Russia - Gulf-Russia trade lane busy despite political tensions
USA -Break Bulk (Newark,NJ,USA), by Alan M. Field -24 Sept 2008: -- ... Companies that do business in Russia see growing opportunities in the Russian market. U.S. exports to Russia grew 56 percent last year, reaching $7.4 billion, and are expected to grow nearly 60 percent this year, according to the U.S.-Russia Business Council... Much of the cargo leaving the Gulf of Mexico for the countries of the former Soviet Union bloc is equipment and machinery for the oil and gas, mining and agriculture industries, said Milena Dimitrova, vice president of freight coordination for CIS Navigation, the head office for Atlantic Ro-Ro... Atlantic Ro-Ro is one of carriers offering regular service between the Gulf of Mexico and the Baltic region, particularly to St. Petersburg... In addition to oil and gas equipment, the Russian market is also keen on new and secondhand U.S.-manufactured trucks... The Balticon Line, based in Hamburg, Germany, was established in 2006 and provides liner services to Baltic ports from Europe as well as the US... Balticon owns two vessels, the geared ’tweendeckers Hamburg and Antwerp, and charters in other vessels as needed and as they are available. The two owned vessels are ice-class and thus operate year-round, including during the ice season of December through March... According to Luc Rom, Hamburg-based managing director of the company, plans to buy or build several new vessels to add to the fleet. The company is considering buying two general cargo ’tweendeckers, as well as investigating the resale of new construction in the Far East for delivery in 2009...
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