LA Port Strike Threat Deferred Again As Labor Talks Drag On
By Laura Curtis Nov 7, 2026 (Bloomberg) –The union representing about 250 security workers at the US’s busiest ports agreed to continue negotiations on a new labor contract for two more...
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By Laura Curtis Nov 7, 2026 (Bloomberg) –The union representing about 250 security workers at the US’s busiest ports agreed to continue negotiations on a new labor contract for two more...
By Vallari Srivastava and Sumit Saha Nov 6 (Reuters) – The Iran conflict has sent tanker rates soaring, forcing sellers to deepen discounts on heavy crude grades and giving US Gulf Coast...
Azerbaijani national team member Tofig Aliyev has won a silver medal at the Trampoline Gymnastics and Tumbling World Championships in Nanjing, China. According to Report , Aliyev scored 29.700 points in the final of the individual tumbling event to finish second. This is the first World Championship silver medal of Al…
The price of one barrel of Azerbaijan's Azeri Light crude rose by $0.62, or 0.58%, to $107.46 on the global market, a source in the oil market told Report . According to trading results, January futures for Brent crude stood at $96.48 per barrel. At the Turkish port of Ceyhan, the FOB price of Azeri Light rose by $0.8…
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…
SOCAR President Rovshan Najaf met with Anant Maheshwari, President and CEO of Global Regions and President of Strategy at Honeywell Technologies. According to SOCAR, cited by Report , the sides expressed satisfaction with the consistent development of cooperation between the companies and discussed opportunities to ex…
A European Parliament committee has voted to oppose the approval of two Indian ship recycling yards, dealing a setback to shipping industry efforts to expand access to South Asia’s shipbreaking...
Azerbaijan and Bulgaria have discussed the development of their strategic partnership, including cooperation in the energy sector, the establishment of green energy corridors, transport and logistics links, trade and investment. Azerbaijan's Ministry of Foreign Affairs told Report that the talks were held in Sofia dur…
German container shipping giant Hapag-Lloyd has completed its acquisition of a 25% stake in APM Terminals Maasvlakte II in Rotterdam, strengthening its ties with Maersk at one of Europe’s most...
The United States and Iran are approaching a possible breakthrough in negotiations aimed at fully ending the conflict. According to Bloomberg, cited by Report , Iran is reviewing proposals concerning its nuclear activities submitted by Qatar, the main mediator. Potential concessions on this issue could mark a signific…
Finland expects to operate at least as many icebreakers in the coming decades as it does today, despite rising temperatures and declining average ice coverage in the Baltic Sea. This is the conclusion of a new government-commissioned report that also highlights growing security requirements and changes in the commerci…
Iranian Foreign Minister Abbas Araghchi and UAE Deputy Prime Minister and Foreign Minister Abdullah bin Zayed Al Nahyan have discussed the situation in the region by phone, Report informs, citing the UAE Foreign Ministry. During the conversation, the two sides reviewed the latest regional developments. Abdullah bin Za…
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…
Sixteen families in Azerbaijan have consented to donate the organs of deceased relatives since February 2025, Yegana Abbasova, chair of the Board of the Coordination Center for Organ Donation and Transplantation, said at a media seminar organized by the Ministry of Health as part of Heart Transplantation Week. Accordi…
The private sector plays a crucial role in diversifying the economy, Azerbaijan's Deputy Minister of Economy Anar Akhundov said at a joint meeting of the Milli Majlis committees on Natural Resources, Energy and Ecology; Labour and Social Policy; Healthcare; and International Relations and Interparliamentary Ties. Acco…
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…
Kazakhstan has extended a ban on exports of gasoline, diesel, and certain other petroleum products by road for six months, Report informs, citing Kazakh media. Under an October 30 order from the energy minister, the ban will apply from November 22, 2026, to May 22, 2027. It also covers shipments to other members of th…
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 …
The Trump administration has approved a $1 billion offshore crude oil export project off the coast of Louisiana, clearing a major regulatory hurdle for a facility designed to load some...
Maritime experts warn that the westward spread of attacks between Russia and Ukraine, toward NATO coastlines, is now having commercial consequences.
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...
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...
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.
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…
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.
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.
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…
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 …
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.
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…