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Tragic Missile Attack on Marshall Islands-Flagged Tanker in Gulf of Basra
The oil products tanker VELOS SAPPHIRE, flying the flag of the Marshall Islands and sailing off the coast of Qatar, faced a severe explosion and fire after being hit by two munitions. One sailor lost their life on the vessel, which is operated by the Greek company Velos Tankers, while the crew managed to extinguish th…
IMO Council Extends Secretary-General Dominguez's Term Amid Controversy
The International Maritime Organization (IMO) Council has decided to extend Secretary-General Arsenio Dominguez's term for another four years. However, the voting in the 40-member Council revealed divisions within the organization, with six countries opposing and ten abstaining. The decision must be approved by the IM…
19 Dual-Fuel Bulk Carriers Ordered to Propel Ethanol Adoption in Shipping
As the transition to alternative fuels accelerates in the global shipping sector, 19 dual-fuel bulk carriers capable of using ethanol have entered the newbuilding order book. Investments led by Brazilian mining giant Vale are opening the door to a new era in dry bulk transportation. Efforts to reduce carbon emissions …
Bulk Carrier BYB OTHELLO Runs Aground in Istanbul Strait Amid Storm
While en route from Kocaeli to Ukraine's Izmail Port, the bulk carrier BYB OTHELLO, flagged under Saint Kitts and Nevis, experienced a machinery failure and ran aground at the Black Sea exit of the Istanbul Strait. Due to severe weather conditions, a maritime intervention was not possible, and the 13 crew members on b…
Selçuk Esenyel Inspires TEDx Audience with Insights on Courage and Responsibility
Selçuk Esenyel discussed courage and responsibility on the TEDx stage. Attorney Selçuk Esenyel, who narrated the negotiations for the rescue of 10 Turkish sailors kidnapped from the Paksoy-1 vessel, opened a discussion on the meaning of courage, responsibility, and the use of power on the TEDx stage. At the center of …
Opinion: Kazakhstan’s Mineral Ambitions Depend on Water
At the Shalkiya lead-zinc mine in Kyzylorda Region, engineers have designed a processing plant that could handle four million metric tons of ore a year. To keep it running, a pumping station would send up to 2,400 cubic meters of water back through the plant every hour. Even with that water going round again, the plan…
Uzbekistan Offers to Host Regional UN Counterterrorism Office at Astana Summit
Central Asian leaders and Jordan’s King Abdullah II met on November 6 to discuss how terrorist groups could use artificial intelligence to recruit members, coordinate their activities, and spread propaganda. At the Aqaba Process summit, Uzbek President Shavkat Mirziyoyev offered to host a Central Asian office of the U…
Kazakhstan’s Sunflower Pellet Exports More Than Triple
Kazakhstan’s exports of sunflower husk pellets reached 63,200 metric tons in the first nine months of 2026, 3.56 times the volume shipped a year earlier. The pellets are made by compressing discarded sunflower seed shells for use as fuel. Export revenue increased by 515% to $3.4 million, according to export figures fr…
Kairat Almaty Hold Atalanta to Draw as Kazakh Club’s European Rise Continues
Kairat Almaty secured one of their most impressive European results on November 5, holding Italian side Atalanta to a 1-1 draw in Bergamo in the UEFA Conference League. The Kazakh visitors came close to a famous victory after taking the lead early in the second half. Atalanta, winners of the Europa League in 2024, nee…
Turkish Official Questions Tokayev’s Proposal for OTS Observer Status for Russia
Kürşad Zorlu, a senior official in Türkiye’s ruling Justice and Development Party, has questioned Russia’s eligibility for observer status in the Organization of Turkic States (OTS), citing its language requirements. At the OTS summit in Ankara on October 30, Kazakh President Kassym-Jomart Tokayev proposed inviting Ru…
Middle Corridor: $55 Billion in Investment Needed to Turn a Transit Route into an Economic Corridor
Developing the Middle Corridor, a transport route connecting China and Europe through Central Asia, the Caspian Sea, and the South Caucasus, will require at least $25 billion in infrastructure upgrades by 2040. The World Bank estimates that another $30.5 billion will be needed for complementary investments in logistic…
DenAr takes on Turkey’s first offshore wind seabed survey campaign
Turkish marine survey specialist DenAr Ocean Engineering Services has been selected by the country’s Ministry of Energy and Natural Resources to carry out geophysical and geotechnical seabed investigations for Turkey’s first offshore wind development programme. The NCS-01 project covers two areas in the Sea of Marmara…
Women Queue for Kazakhstan’s Umai Mortgages Amid Questions Over Affordability
Women gathered outside a branch of Kazakhstan’s Otbasy Bank in Almaty’s Zhetysu neighborhood early on November 3, hoping to secure mortgages under a program designed to help women buy homes. Some banks drew up waiting lists, which security guards used to control entry, while others argued as the crowd pressed toward t…
Kazakhstan Inflation Expected to Ease in 2027 Despite Higher Spending
The National Bank of Kazakhstan expects inflation to slow in 2027, but less sharply than previously forecast. In September, it raised its forecast to 6.5%–8.5%, up from 5.5%–7.5%, amid concerns about government spending and other pressures. Akylzhan Baimagambetov, the bank’s deputy governor, said on November 5 that th…
Uzbekistan Plans to Double Uranium Production by 2030
Uzbekistan plans to double its annual uranium production to 15,000 metric tons by 2030, up from a projected 7,500 this year, as demand for nuclear fuel grows. Tashkent also wants to expand critical mineral processing to produce more finished goods for export. The development plans , published by the president’s office…
Venergy doubles VLCC order at Hengli
Greek shipowner Vyron Vasileiadis has firmed up another two VLCCs at China’s Hengli Heavy Industries, doubling Venergy Maritime’s debut supertanker order to four vessels. The Piraeus-based company exercised the options attached to its October contract for two firm 306,000 dwt crude carriers, with all four vessels sche…
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…
Turkish-Operated Bulk Carrier ERA S Struck by Munitions in Strait of Hormuz
The bulk carrier named ERA S, operated by Istanbul-based Transatlantic Shipping and flying the Panama flag, became the target of unidentified munitions while transiting the Strait of Hormuz. A hole was reported on the starboard side of the vessel, while the crew was reported to be safe and the ship continued its voyag…
Iran Calls on IMO to Address Seafarers' Safety Amid U.S. Sanctions
Iran has accused the International Maritime Organization (IMO) of bias regarding the safety of seafarers. During the IMO Council meeting held in London, the Tehran administration argued that the maritime blockade imposed by the United States on Iranian ports and the plight of Iranian seafarers stranded off the coast o…
Turkey Elevates Security Level for Ships at Yanbu Port Amid Concerns
Following recent developments in Saudi Arabia, the Ministry of Transport and Infrastructure has raised the ISPS Code security level to the highest level, Level 3, for Turkish-flagged vessels that will call at Yanbu Port and navigate in the port's waters. The decision came into effect on November 4, 2026. In light of t…
PortXchange Enhances EmissionInsider to Transform Port Emissions Management
PortXchange expands EmissionInsider with new multimodal monitoring, emissions forecasting, and scenario modeling features to help ports make better operational and investment decisions. Ports have spent years improving how they calculate and report emissions. However, knowing how much a port emitted last year does lit…
ONE Ends Slot Charter with Maersk on Qilin Service; AUX Brand Exits China-Australia Route
Ocean Network Express has ceased its slot charter arrangement on Maersk's Qilin service, according to a report by Container News citing DynaLiners. As relayed by Wedoany, ONE joined the China-Australia trade lane in July of this year on a slot charter basis, remaining on the service for approximately four months befor…
Asia-Europe and Trans-Pacific Shipping Rates: Current Trends and Challenges
November 1 marked a significant date for synchronized rate increases across Asia-Europe and trans-Pacific trades, but results fell short of expectations. Rates on the Europe trade barely moved, while trans-Pacific softening began earlier, highlighting varying conditions across trade lanes. The gap between announced an…
Major Shipping Alliances Reestablish Suez Canal Operations Amid Recovery
The reopening of the Red Sea has reached a critical milestone, with all four major shipping alliances - Gemini, Ocean Alliance, Premier Alliance, and MSC - resuming operations via the Suez Canal. Premier Alliance, previously cautious, has now confirmed its return with vessel-specific schedules, completing the transiti…
Maersk Resumes ME1 Service via Suez Canal, Enhancing Red Sea Connectivity
On 2 November, Maersk announced that it and Hapag-Lloyd had implemented a structural adjustment to the ME1 service under the Gemini Cooperation network, redirecting the route from the Cape of Good Hope back through the Suez Canal. The ME1 service connects India and Europe, and following the adjustment, its port rotati…
Maersk Implements Temporary Booking Restrictions at Key Middle East Ports
Maersk has announced temporary adjustments to booking acceptance and cargo routing at selected Middle East ports, citing sustained disruption in the vicinity of the Strait of Hormuz compounded by regional port congestion. The affected locations include Khor Fakkan and Fujairah on the UAE's east coast, as well as certa…
Japan Implements Anti-Dumping Duties on Chinese and Taiwanese Steel Products
Japan has officially announced anti-dumping duties on nickel-based stainless steel cold-rolled strip and plate from mainland China and the Taiwan region. Effective October 31, 2026, these duties range from 27.7% to 42.1% for Chinese products and 3.6% to 20.1% for Taiwanese products. This decision follows Japan's multi…