Shipping Company In Eurasia

At the China-Central and Eastern European Countries Economic and Trade Forum

BUDAPEST, June 25 (Xinhua) -- The following is the full text of Chinese Premier Wen Jiabao's speech at the China-Central and Eastern European Countries Economic and Trade Forum, held in the Hungarian capital city of Budapest on Saturday:

Strengthen Traditional Friendship and Promote Common Development

Address by His Excellency Wen Jiabao, Premier of the State Council of the People's Republic of China

At the China-Central and Eastern European Countries Economic and Trade Forum

Budapest, June 25, 2011

Prime Minister Viktor Orban,

Ladies and Gentlemen,

I am delighted to come to the beautiful city of Budapest and attend the China-Central and Eastern European Countries Economic and Trade Forum. Let me begin by extending warm congratulations on the opening of the forum. I would also like to express sincere appreciation to the Hungarian government for its thoughtful arrangements, and pay high tribute to friends who have long been devoted to the economic cooperation and trade between China and the central and east European countries.

Exchanges between our two sides date back to ancient times in spite of the long geographical distance. As early as over 2,000 years ago, the Silk Road closely linked us together. Most countries in central and eastern Europe established diplomatic ties with the People's Republic of China immediately after its founding, opening a new page in the annals of our friendly relations. Over the past several decades, although the international situation and the domestic situations of both sides have undergone big changes, we have always enjoyed mutual respect, mutual trust, mutual understanding and mutual support. Our traditional friendship has constantly deepened and cooperation in various fields has made tremendous progress.

Two-way trade has grown rapidly. In 2000, China's trade with central and east European countries was only 3 billion U.S. dollars. In 2010, it surpassed 40 billion, representing an annual average growth of 32 percent. China's imports from the central and east European countries had grown even faster, registering an average annual rate of 38.7 percent. Our trade mix has improved. The proportion of trade in electric, mechanic and high-tech products has exceeded 60 percent. Today, the rose oil, amber, crystal, beer and cars from central and east European countries have entered numerous households in China. And the quality yet inexpensive consumer goods from China have been warmly received by the local people here.

World Maritime News - Turkey: Besiktas Shipyard Launches Third ...

Yalova-based Besiktas Shipyard (Turkey) today, June 24, 2011, launches the third tanker of Armada series ordered by Palmali Group, the shipping company’s senior executive told PortNews.

Vice President of Palmali Group Rauf Aliyev said the tanker was named Lerik.

Earlier, the Group had increased from 10 to 15 vessels its Armada series newbuilds order (Project RST22M). The ships are scheduled for delivery at the end of 2013.

As of now, 2 vessels of the series have been put into service, the shipping company said. The tanker series is a continuation of the Project 005RST01, known as the “Armada” of the first series, previously designed by Marine Engineering Bureau for Palmali Group and built at the shipyards of Selah and ADA in Tuzla (Turkey) in 2002 -2006. This an updated version of the 2nd series tankers (Project RST22), which were built at Nizhny Novgorod-based Krasnoye Sormovo in 2008-2009.

Ten tankers of the first Armada and five tankers of the New Armada are operated in the mixed “river-sea” transportation of crude oil, fuel oil, diesel fuel and other petroleum products and vegetable oils, as well as sea borne shipping in the Caspian, Black, Mediterranean, Baltic and North Seas, including sailings around Europe and in the Irish Sea in winter.

The new series tankers satisfy the Volga-Don Canal and the Volga-Baltic dimensions. RST22M project vessel specifications – 139.95 m, breadth – 16.6 m, depth – 6,0 m; built to ‘Volga-Don max’ class.

Palmali Group is a shipping company operating in the Mediterranean, Caspian and Black Seas. Last year, shipments of oil cargo on Russia’s inland waterways by the Group’s fleet exceeded 4,5m tons. Palmali Group is a major carrier of oil companies SOCAR (Azerbaijan) and LUKOIL (Russia) on the southern lines. The Group has been awarded long-term contracts for transportation of petroleum products with TNK-BP.

The Group operates a fleet of more than 100 vessels, including sea-going tankers of up to 180,000dwt, sea-going and river tankers of up to 8,000dwt tons flying Russia and foreign flags.

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