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Affinity Tanker Weekly, 6 November 2026
VLCCs have softened throughout the week as limited enquiry and increasingly competitive Suezmax alternatives have tempered owners’ Source: Affinity Research LLP
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Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar
Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchas…
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Kazakhstan to Hold Biennial Symposia on Al-Farabi and Yasawi Heritage, Vice President Says
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan will hold an international symposium dedicated to the intellectual heritage of medieval philosopher Abu Nasr Al-Farabi (870-950) and theologian Khoja Ahmed Yasawi (1094-1166) on a rotating basis every two years, Vi…
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India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist
Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg. Despite the recovery of crude oil flows from the Gulf via Hormuz to nearly pre-war levels, buyers…
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China’s Carbon Emissions Plunge 3.1% as Oil Demand Slumps
A decline in fuel use in China’s industrial sector has led to a 3.1% decline in carbon dioxide emissions in the third quarter of the year, the Finnish climate outlet Centre for Research on Energy and Clean Air has reported, as cited by Reuters. The lower emissions from the world’s largest generator of CO2 resulted fro…
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JanaPort Jet Enters Kazakhstan’s Aviation Fuel Market
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – A new player has entered the regional fuel market – JanaPort Jet. Kazakh businesspeople Rakhman Asambayev, Kanat Kopbayev and Orazkhan Karsybekov established the company with equal ownership, representing the Jupiter Jet and …
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Oil Prices Head for 12% Weekly Loss Despite Fresh Tanker Attacks
Crude oil prices were on course for a sharp weekly drop, with both Brent crude and WTI shedding 12% since Monday, following the results of the U.S. midterm elections, which gave rise to hopes that the war in the Middle East could be brought to a swift end. At the time of writing, Brent crude was trading at $99.42 per …
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Seven Shadow Fleet Tankers Spoof AIS to Hide Novorossiysk Voyages
Sanctioned Tankers Fake Their Positions Near the Bosphorus A cluster of seven sanctioned Russian tankers were found to have routinely and deliberately manipulated AIS over the past 90 days to falsely claim they were drifting off the Black Sea close to the Bosphorus entrance. The tankers were instead identified by Wind…
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Narxoz Conference Explores Central Asia’s Path to Stronger Regional Cooperation
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Central Asia’s role in shaping global governance, strengthening regional cooperation and advancing sustainable development was the focus of an international conference hosted by Narxoz University on Nov. 4 in Almaty, the univ…
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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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Drewry: Red Sea Diversion Tracker Shows Significant Increase in Suez Canal Transits
With regional security changing rapidly, Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks. This tracker page is updated fortnightly (every other Tuesday). Most Asia-Europe capacity now back via Suez During …
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Kazakhstan Advances in Global Digital Rankings as AI Infrastructure Expands
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan has improved its standing in several international digital development rankings, with progress in artificial intelligence readiness and e-government services highlighting the country’s growing role in the global te…
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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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Kazakhstan Strengthens Export Push with New Istanbul Trade Office
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan has opened a QazTrade office in Istanbul to help domestic manufacturers enter the Turkish market and find business partners in other countries, Kazinform reported on Nov. 4. A new Qaztrade office is located in Ista…
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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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Tokayev Meets Network School Founder, Welcomes Launch of Kazakhstan Branch
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – President Kassym-Jomart Tokayev met with Balaji Srinivasan, founder of Network School, to discuss cooperation in technology, education and innovation, reported the presidential press service on Nov. 4. From L to R: Balaji Sri…
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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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Nazarbayev University Conference Highlights Need to Rethink Teaching Practices
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Educators and higher education experts worldwide gathered in Astana on Oct. 27-28 for Nazarbayev University’s Teaching Conference 2026 to discuss ways to improve teaching quality, support faculty development and address the c…
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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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Türkiye Strengthens Demand For Steelpaint’s Long-Term Corrosion Protection
The rise in the number of Turkish shipyards from 37 in 2002 to about 85 today has substantially increased the country’s newbuild capacity but shiprepair and maintenance continues to account for much of the industry’s maritime activity, as more shipowners extend vessel service life. For instance, Turkish yards, concent…
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Sanctioned Iranian Tanker Slips Past U.S. Blockade, Delivers Cargo to China
A sanctioned Iranian tanker carrying about 500,000 barrels of liquefied petroleum gas slipped past the U.S. naval blockade and delivered its cargo to China, according to United Against Nuclear Iran (UANI), which says it filmed the ship at a Malaysian anchorage along the way. Tanker laden with Iranian LPG transiting th…
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Rare Iranian Strike On Vessel Hundreds Of Miles From Strait Of Hormuz
Sunday saw another vessel attacked in Persian Gulf regional waters. The UK Maritime Trade Operations agency (UKMTO) reported that a ship was struck by two projectiles some 83 miles east of Ras al-Khafji, which is the Saudi town on the Kuwaiti border in the northern Persian Gulf. Significantly and unusually, this parti…
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TikTok Becomes Business Tool for Kazakhstan’s Entrepreneurs, Survey Finds
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — A new survey by TikTok and the Atameken National Chamber of Entrepreneurs found that more than 70% of surveyed companies use the platform for business at least once a month, while 88.3% reported a positive effect on attractin…
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Iraq's Oil Exports via Turkey Surge to 500,000 Bpd
Iraq has boosted its crude oil exports via the Turkish Mediterranean port Ceyhan to 500,000 barrels per day (bpd), as OPEC’s second-largest producer has started trucking Basrah crude to the pipeline system to the north. Iraq has hiked exports from Turkey to 500,000 bpd for the first time since pipeline operations resu…
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U.S. Pushes to Restore Russian Gas Flows to Europe
The United States has discussed with Russia the possibility of restoring natural gas flows to Europe via pipelines running through Ukraine, the Wall Street Journal has reported, citing unnamed sources involved in the talks. The idea came from President Trump’s envoys Jared Kushner and Steve Witkoff and was floated dur…
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Kazakhstan’s Aviation Industry Gains as FlyArystan Joins IATA
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakhstan’s low-cost airline FlyArystan has joined the International Air Transport Association (IATA), an industry body representing airlines worldwide. Photo credit: FlyArystan. IATA represents more than 370 airlines across…
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Suezmax Tanker sales surge 35% amid high VLCC demand
A strong VLCC market this year is boosting Suezmax Tanker demand. Suezmax sales activity has picked up considerably in recent months, with sales so far this year up 35%, reaching 124 sales compared to 92 sales over the same period last year. Buyers have continued to transact even as values have climbed, pointing to st…
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Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz
Tensions in the Middle East are escalating again as a tanker was reported on fire after explosive devices were attached to its hull while the vessel was attempting to transit outbound in the Strait of Hormuz. The UK Maritime Trade Operations (UKMTO), which is affiliated with the Royal Navy, said in a warning notice th…
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Kazakhstan Condemns Houthi Attacks on Saudi Arabia, Tokayev Says During OTS Summit
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Escalating tensions in the Middle East could threaten global trade and transport links, Kazakh President Kassym-Jomart Tokayev said, speaking at the 13th OTS summit in Ankara. Photo credit: Akorda. Tokayev said the deteriorat…
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Dry Bulk Shipping: Escalating attacks on ships heighten uncertainty
“Geopolitical disruptions continue to cloud the dry bulk market outlook. The effective closure of the Strait of Hormuz remains the largest source of uncertainty, while attacks on ships and port infrastructure in the Black Sea have added another layer of risk,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. T…