Replies to post #360 on Foreign Correspondence

[thepennyking]

Imagine that, China with almost 2 billion people doesn't like Bush Doctrine, and the Islamic world with almost 1 billion people doesn't like Bush Doctrine, and India with slightly more than 1 billion people is taking jobs away from America because of Bush Doctrine. What does that spell for Bush?

[thepennyking]

Hyundai Heavy to build two tankers for Russian firm
Friday April 2, 2:00 am ET


VLADIVOSTOK, Russia, April 2 (Reuters) - South Korea's Hyundai Heavy Industries Co. (KSE:009540.KS - News) has signed a deal with a Russian shipping firm to construct two large Suezmax oil tankers, the Russian company said on Friday.
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Natalia Mironova, a Primorsk Shipping Company (Prisco) spokeswoman, said the tankers, with 166,000 tonnes deadweight each, will be built by 2007 and mainly used to carry crude from Russia's ports on the Baltic Sea to international markets.

Prisco is Russia's fourth biggest shipping firm running 43 tankers with a total deadweight of 785,000 tonnes, made up mainly of barges.

She declined to say how much the deal was worth.

Russia, the world's second largest oil exporter, expects crude exports to rise further, including through ports on the Baltic Sea.

Prisco had previously contracted Hyundai Heavy to build three 100,000-tonne tankers to be used to ship oil from ExxonMobil-led (NYSE:XOM - News) Sakhalin-1 oil project in the Russian far east to Asian markets.

Japan, Russia, China all working cooperatively together to meet their future energy needs