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Kyrgyzstan's SMEs expand contract work, trade and cargo transport in 2025

Hazar Logistik, Gebrüder Weiss discuss cargo transit via Turkmenbashi port

Capital Tankers scores up to $82m suezmax fixture

Evangelos Marinakis-backed Capital Tankers has secured a 15-month charter for one of its modern suezmaxes in a deal expected to generate between $73.1m and $82.2m in revenue. The Oslo-listed tanker owner said on Friday that its 155,348 dwt Amor has been fixed to an unnamed global energy company, with employment starti…

Kyiv facility, Odessa port targeted in Russian strikes

The Russian Ministry of Defense announced that the Russian Armed Forces carried out overnight drone attacks targeting energy facilities and naval vessels in regions including Kyiv and Odessa.

Azeri Light oil prices rise in Augusta and Ceyhan

The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $0.03, or 0.03%, compared with the previous figure, reaching $106.84 per barrel.

Russian-Flagged Oil Tanker Towed to Egypt Port After Engine Failure

The Russian-flagged oil tanker ALYSSUM suffered an engine failure in the Mediterranean Sea and was towed to the Egyptian port of Port Said for repairs, according to the Suez Canal Authority.

October Sees Surge in Attacks on Ships in Strait of Hormuz

A record 34 vessels were attacked while transiting the Strait of Hormuz in October, accounting for more than a quarter of all reported attacks on ships in the region since the start of the Middle East conflict.

Evergreen’s Suez return leaves Zim increasingly isolated

The container shipping industry’s long detour around southern Africa is rapidly coming to an end, with Taiwan’s Evergreen preparing to send its first ships through the Suez Canal after almost three years of avoiding the Red Sea. According to liner consultancy Linerlytica, Evergreen will deploy the 16,556 teu Ever Eon …

Maersk upgrades profit outlook despite underperforming rivals

Maersk has raised its full-year earnings guidance for the third time this year, with the Danish shipping giant continuing to benefit from extraordinary freight rates, resilient cargo demand and widespread supply chain disruption. The Copenhagen-headquartered group now expects underlying EBITDA of between $14bn and $14…

Transpacific emerges as liner shipping’s golden trade

The transpacific has become the most lucrative major container shipping trade in the world, with carriers generating five times more spot revenue per nautical mile on the Shanghai–Los Angeles route than on shipments to North Europe via the Cape of Good Hope. New analysis from Alphaliner shows that the extraordinary st…

Idan Ofer turns to Japan for boxship quartet

Idan Ofer’s Eastern Pacific Shipping (EPS) has been linked to an order for four midsize containerships at Japan’s Imabari Shipbuilding, marking a rare Japanese addition to its extensive newbuilding programme. Shipbuilding sources have identified the Singapore-based owner as the buyer of the quartet, which would take i…

Cameroon’s Gulfcam taps new chief to drive Camship expansion

Cameroon’s Gulfcam is pursuing plans to acquire six vessels to expand its coastal container shipping operations between Kribi and Douala, with a former Camship executive taking charge of the business. Bernard André Ndengue took over as chief executive on November 1, replacing Albert Roger Boum, who stepped down last m…

Kyrgyzstan, Georgia Seek Closer Ties in Transport and Tourism

Kyrgyzstan and Georgia are looking to expand cooperation in transport, logistics and tourism following talks between their leaders in Bishkek.

Iran exempts ships of four countries from Strait of Hormuz transit restrictions

Iran has exempted vessels belonging to India, China, Iraq and Qatar from transit restrictions imposed in the Strait of Hormuz.

Samudera taps Yangzijiang yards for boxship duo

Singapore-listed Samudera Shipping Line has ordered two containerships in China, adding 6,000 teu of capacity to its newbuilding pipeline. The Indonesian-controlled carrier disclosed in a filing that it had signed shipbuilding contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding, both …

TS Lines adds $246m boxship brace in China

Taiwanese liner operator TS Lines has returned to Shanghai Waigaoqiao Shipbuilding (SWS) for another pair of containerships in a deal worth $246m. The Hong Kong-listed carrier has contracted two 11,000 teu vessels at the CSSC-controlled yard, together with China Shipbuilding Trading, paying $123m apiece. The ships are…

Azeri Light oil price falls by 2.62% at Italy's Augusta Port

The price of Azerbaijan's Azeri Light crude oil has declined by $3.05, or 2.62%, compared with the previous indicator, reaching $113.45 per barrel on a CIF basis at Italy's Augusta port.

Iran Claims Destruction of Two US Drones in Hormozgan - VIDEO

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed that it destroyed two US-made Lucas drones near the port of Bandar Khamir in Hormozgan Province.

Ernst Russ offloads another feeder in fleet reshuffle

German shipowner Ernst Russ has sold another feeder containership, continuing to trim its older boxship exposure while building up its tanker and multipurpose fleet. The Frankfurt-listed company has confirmed the sale of the 2007-built, 803 teu Mirror, without disclosing the buyer and price. The vessel is expected to …

Contships locks in fresh CMA CGM and ONE feeder deals

Greek feeder containership owner Contships Logistics has secured two new charter deals with CMA CGM and Ocean Network Express (ONE), adding contracted employment as it prepares for an extensive fleet renewal programme. The Nikolas Pateras-led company disclosed in its third-quarter earnings report that the Contship Sky…

Cargo ship hit in Strait of Hormuz, one person killed

An Indian cargo vessel carrying 14 crew members has come under an aerial attack off the coast of Oman, leaving one sailor dead.

Wallenius Wilhelmsen adds $700m Asian carmaker deal to contract haul

Norwegian car carrier giant Wallenius Wilhelmsen has secured a three-year shipping contract worth around $700m with a major Asian automaker, taking its newly announced contract wins to more than $1.7bn in the space of five days. The Oslo-listed group did not identify the customer but said the agreement builds on an ex…

MSC adds three more megamaxes at Waigaoqiao

Mediterranean Shipping Co (MSC) has been linked to another three LNG dual-fuel megamax containerships at China’s Shanghai Waigaoqiao Shipbuilding (SWS), expanding its series at the CSSC-owned yard to 13 vessels. Shipbroking sources place the latest 21,700 teu newbuildings at around $210m apiece, valuing the additional…

Somali Pirates Seize Iranian Fishing Vessel With 23 People Aboard

Somali pirates have seized an Iranian fishing vessel, the Azini, with 23 people aboard, raising concerns about possible attacks on commercial shipping in the region.

Qatari LNG tanker comes under attack in Persian Gulf

The Al Mayeda liquefied natural gas (LNG) tanker, owned by Qatar's Nakilat shipping company, came under attack in the Persian Gulf on the evening of October 30.

Zelensky arrives in Istanbul for Erdogan talks

Ukrainian President Volodymyr Zelensky said he arrived in Istanbul with his team ahead of talks with Turkish President Recep Tayyip Erdogan, with Black Sea shipping among the issues on the agenda.

Oil Poised for Fourth Monthly Gain Amid Hormuz Supply Risks

Oil prices rose on Friday, putting them on track for a fourth consecutive monthly gain as traders anticipated a possible escalation in the US-Iran conflict following the US midterm elections. An attack on a tanker in the Strait of Hormuz has further underscored the risks to global supplies posed by the war.

Oil majors count the cost of runaway tanker rates

Soaring tanker freight rates are taking an increasingly heavy toll on the world’s oil majors, with the latest quarterly results revealing billions of dollars in additional shipping-related liabilities, squeezed refining margins and losses on trading positions. Shell has disclosed a $5.4bn non-cash increase in its ship…

Russia Turns to Arctic Route to Export Grain Amid Black Sea Disruptions

Russia, the world’s largest wheat exporter, has turned to an Arctic shipping route used during World War II to export grain for the first time, as the conflict in Ukraine disrupts Black Sea trade.

Korean carrier Namsung returns to China for larger boxships

South Korea’s Namsung Shipping has been linked to another containership order in China, with brokers reporting a deal for two firm 7,100 teu vessels at Dalian Shipbuilding Industry Corporation (DSIC), plus options for another pair. Shipbroking sources said the CSSC-owned yard had secured the contract, with deliveries …