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War Comes to NATO’s Black Sea Coast, and Shipping Starts Saying No
Maritime experts warn that the westward spread of attacks between Russia and Ukraine, toward NATO coastlines, is now having commercial consequences.
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IMO Backs Dominguez for Second Term Amid Shipping Attacks and Climate Deadlock
The International Maritime Organization (IMO) Council has backed Secretary-General Arsenio Dominguez for a second four-year term, extending its support for his leadership despite the organization’s failure to adopt its landmark...
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Maersk’s 26-Ship LNG Order Adds Nearly Half a Million TEU to Newbuilding Pipeline
A.P. Moller-Maersk is pressing ahead with one of its largest containership ordering programs in years, confirming in its third-quarter earnings report that it has ordered 26 LNG dual-fuel vessels with...
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Sites of Memory of Western Azerbaijan: Khalaj, an Ancient Turkic Village in Zangezur
A study on the history of Khalaj, an Azerbaijani village in present-day Armenia that was left deserted after its Azerbaijani residents were driven out in the late 1980s, has been published as part of the "Sites of Memory of Western Azerbaijan" project. Report informs that the article was published in The Perished Civi…
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France Extends Maritime Patrol Plane’s Stay in Black Sea After Cargo Ship Attacks
A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.
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Iran Reports More Tanker Fires in Strait of Hormuz
Two oil tankers and a tugboat caught fire in the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Thursday, as Iran continues to report a growing number of incidents with vessels trying to transit the Strait on routes unauthorized by the Islamic Republic. One of the oil tankers hit a naval min…
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Azerbaijan proposes six-year VAT exemption for agricultural machinery
Azerbaijan has proposed exempting sales of agricultural tractors and imports of their spare parts from value-added tax (VAT), as well as customs duties, for a period of six years starting January 1, 2027. According to Report , the proposal is included in a draft law on amendments to the Tax Code. The document is part …
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Maersk Slides as Upgraded Guidance Is Lower Than Anticipated
AP Moller-Maersk A/S shares slumped after a guidance upgrade and third-quarter earnings from the world’s second-largest shipping line fell short of analyst estimates.
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Azerbaijan plans to introduce hourly wages, electronic salary payments
Azerbaijan plans to introduce hourly wages, particularly for employment contracts lasting less than a month or for jobs involving no more than 20 hours a week, as outlined in a draft law amending the Labor Code, Report informs. Hourly pay will be applied in specific economic sectors and at workplaces created by indivi…
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EU Survey Reveals Massive Support for Renewable Energy Transition
A majority of European Union citizens are in favor of an accelerated transition away from oil and gas and into alternative energy sources and transport electrification, a survey conducted by the European Investment Bank has shown, as reported by Reuters, which got an exclusive look at the survey. According to the surv…
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Propspeed Joins RightShip’s Zero Harm Innovation Partners Program to Support More Efficient and Sustainable Vessel Operations
Improving vessel energy efficiency is an important part of the maritime industry’s efforts to reduce fuel consumption and greenhouse gas emissions. While hull performance often receives significant attention, the condition...
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Coast Guard Looks to Commercial Icebreakers to Keep Northeast Ports Open This Winter
The U.S. Coast Guard is exploring the use of commercial icebreaking vessels to help keep Northeast ports and waterways open this winter, as the service prepares for another season of...
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UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline
The United Arab Emirates currently operates one crude export pipeline that bypasses the Strait of Hormuz and announced earlier this year that it was building a second. A third pipeline is reportedly being planned to further expand crude capacity and reroute energy flows around Hormuz, reducing exposure to Iranian disr…
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Vance Blames His Own Administration’s Iran War for Republican Defeat
Vice President JD Vance on Wednesday blamed Republicans’ midterm election losses on the Trump administration’s eight-month war with Iran, which has driven up global energy prices and left commercial shipping...
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Customs to shift focus from revenue to protection as Azerbaijan's economy grows
As Azerbaijan's economic development grows, the fiscal role of customs authorities in generating state budget revenues is expected to gradually decrease, Head of the State Customs Committee (SCC) Shahin Baghirov said at a meeting of the Milli Majlis Committee on Economic Policy, Industries, and Enterprising during the…
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Iran Says Four Oil Tankers Destroyed by Mines Near Strait of Hormuz
Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region intensify while crude oil flows have dipped from recent highs. The f…
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Deputy Minister: Central Asia among priority destinations for Azerbaijan
The Central Asian region is one of Azerbaijan's priority destinations for partnership, according to Azerbaijani Deputy Minister Samad Bashirli, Report informs, citing the Ministry of Economy. Speaking at the Second Tianshan Forum on Expanding Sustainable Connectivity and Quality Investments in Central Asia, organized …
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ADB to increase share of cross-border initiatives to 30% by 2030
The Asian Development Bank (ADB) has presented an updated approach to regional cooperation and integration, setting the task to increase the share of operations aimed at supporting cross-border initiatives to 30% by 2030, Report informs citing the ADB. "Intensifying trade barriers and geopolitical tensions are putting…
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Belgrade-Moscow flight returns to airport due to security concerns
A passenger aircraft flying from Serbia's capital, Belgrade, to Moscow, the capital of Russia, was forced to turn back due to security concerns and landed at Nikola Tesla Airport. According to Report 's Balkan bureau, the Nova.rs portal announced the incident. The JU134 flight took off from Belgrade at 18:48 local tim…
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UEFA Champions League: Nine matches played on Round 4 opening day
The opening day of the fourth round of the UEFA Champions League (UCL) league phase took place on November 3. According to Report , nine matches were played on the opening day of the round. As part of the round, Turkish club Galatasaray defeated Stuttgart 2-0 at home, Barcelona beat Aston Villa in Spain, while Villarr…
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U.S. Coast Guard Detains MSC Cruise Ship in Miami
The U.S. Coast Guard has detained the cruise ship MSC Poesia at PortMiami, forcing MSC Cruises to cancel an 11-night Caribbean voyage after the vessel remained in port for two...
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New Jersey Governor Warns Ports Against Handling Russian Diesel
New Jersey Governor Mikie Sherrill is warning port and terminal operators not to accept Russian diesel shipments heading toward the U.S. East Coast, arguing that the Trump administration’s authorization of...
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Australia Bans Bulk Carrier Over Repeated Falsification of Crew Rest Records
The Australian Maritime Safety Authority (AMSA) has banned a Marshall Islands-flagged bulk carrier from Australian ports for 90 days after inspectors discovered that crew work and rest records had been...
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Dubai Benchmark Slips Into Contango for the First Time Since July
The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz. Physical flows have been gradually rising for the past two…
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Former USS Enterprise Begins Final Voyage to Alabama for Dismantling
The former USS Enterprise (CVN 65), the world’s first nuclear-powered aircraft carrier, departed Newport News Shipbuilding in Virginia under tow on Monday, November 2, beginning its final journey to Mobile,...
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Azerbaijan–Italy trade grows in January–September
Trade between Azerbaijan and Italy totaled $9.1888 billion in January–September 2026, up 3.1% from the same period last year, Report informs, citing the State Customs Committee. Azerbaijan's exports to Italy rose 3% to $8.7899 billion, while imports from Italy increased 6.6% to $398.9 million. Italy accounted for 24.6…
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War Widens in the Black Sea in a Test of NATO Red Lines
After seven strikes on cargo ships near NATO members Romania and Bulgaria last month, the US-led military alliance said it would deploy maritime patrol aircraft, radars and drones to bolster its eastern flank in the Black Sea.
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Sites of Memory of Western Azerbaijan: Ethnic cleansing in Alagoz village
A study on the history of Alagoz, an Azerbaijani village in present-day Armenia left depopulated following the expulsion of its Azerbaijani residents in the late 1980s, has been published under the "Sites of Memory of Western Azerbaijan" project. Report informs that the article appeared in Perished Civilization . The …
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Lukashenko: War in Ukraine could end in coming months
Belarusian President Alexander Lukashenko believes that the Russia-Ukraine war could end in the coming months. According to Report , citing BELTA, he made the remarks at the 4th Minsk International Conference on Eurasian Security. "The war in Ukraine will end in the coming months. This is my personal opinion. That's i…
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Azeri Light crude sells for $116.5 per barrel
The price of Azerbaijan's Azeri Light crude fell by $9.66, or 7.65%, to $116.5 per barrel on the global market, a source in the oil market told Report . Brent crude futures for January delivery settled at $108.49 per barrel. At Türkiye's Ceyhan port, Azeri Light crude on a Free on Board (FOB) basis dropped by $8.43, o…