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Farid Rasulov's Long Live, Caspian exhibition opens at Baku's OTAQ gallery

A solo exhibition by Azerbaijani artist Farid Rasulov, titled Long Live, Caspian! (Yaşa, Xəzər!), has opened at the OTAQ gallery in Baku's Icherisheher, exploring the ecological challenges facing the Caspian Sea through contemporary art.

Azernews Средний коридор
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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.

Azernews Порты и суда
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China: Belt & Road brings growth to metro operator

Shenzhen Metro Group has emerged over recent years as an increasingly active player in the development of metro, light rail and suburban projects across a swathe of emerging markets, from Algeria to Vietnam, as Benjámin Zelki explains. Embracing the expansionist ideals of China’s Belt & Road initiative, Shenzhen Metro…

Railway Gazette Средний коридор
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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…

Hellenic Shipping News Порты и суда
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Oil prices continue climbing amid escalating Middle East tensions

Oil prices on global markets are heading for a fourth consecutive monthly gain amid attacks in Saudi Arabia and rising tensions around the Strait of Hormuz. According to the information, forecasts suggest that Brent crude will end the month up approximately...

Azernews Аналитика
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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…

Splash247 Maritime Порты и суда
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Nanchang metro simplifies emergency lighting maintenance

CHINA: The Nanchang metro’s maintenance department has developed an adapter to simplify the replacement of different brands and models of emergency lighting equipment used to help evacuate passengers in the case of a power failure. The operator said stations opened at different times often use different customised lig…

Railway Gazette Железные дороги
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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…

Hellenic Shipping News Порты и суда
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Spanish MEP: Rail crash not linked to underinvestment

Domenec Ruiz, a Member of the European Parliament for Spain and member of the ruling Spanish Socialist Workers' Party (PSOE), said on Thursday that the recent train disaster in Toledo was "not necessarily connected to a general lack of investment" in the country's railway network.

Azernews Железные дороги
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Protests in Europe expose growing generational divide

With the arrival of autumn, Europe has sunk into a wave of protests that still hasn't let up. Hundreds of thousands of people have taken to the streets, and not in a single country but in a good dozen of them at once. France, Italy, Belgium, Portugal, Greece, Albania, and Germany is next in line. Yet behind all of the…

Azernews Торговля
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Control centre communication in focus as Spain faces rail safety reckoning

SPAIN: A serious failure of communications is at the heart of early investigations into the fatal collision between two high speed trains at Urda near Toledo on October 28. Mike Bent analyses how the tragedy unfolded. The 07.53 Madrid Atocha to Sevilla RENFE Viajeros AVE service, operated by Siemens Mobility Velaro tr…

Railway Gazette Железные дороги
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SFL adds $365m newbuild trio with $333m in charter cover

John Fredriksen-backed SFL Corporation has agreed to acquire three newbuildings for around $365m, securing long-term employment that will add at least $333m to its charter backlog. The New York-listed shipowner said the latest investment covers two 8,800 teu containerships scheduled for delivery in 2027 and a 93,000 c…

Splash247 Maritime Торговля
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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 …

Splash247 Maritime Порты и суда
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India greenlights $1bn drive to break China’s container manufacturing dominance

India has approved a INR100bn ($1.05bn) programme to massively expand domestic shipping container manufacturing, targeting a tenfold increase in annual capacity as New Delhi seeks to challenge China’s near-monopoly over the industry. The country’s cabinet approved the Container Manufacturing Promotion Scheme yesterday…

Splash247 Maritime Порты и суда
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Boluda strikes deal to acquire Samskip

Spanish shipping group Boluda has agreed to acquire Netherlands-headquartered multimodal operator Samskip, bringing together two major European shortsea businesses in a deal spanning 32 vessels and 18 routes. Boluda Shipping said the acquisition would combine its container shipping network with Samskip’s northern Euro…

Splash247 Maritime Средний коридор
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Maritime CEO Forum: Tanker owners see more upside

Tanker owners remain broadly bullish on the extraordinary freight market despite soaring asset prices, an ageing fleet and mounting geopolitical risks. Speaking at the Maritime CEO Forum at the Yacht Club de Monaco on Tuesday, leading tanker executives debated the warning signs that could signal an end to the boom, th…

Splash247 Maritime Порты и суда
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Turkey to renovate and electrify Middle Corridor main line

TURKEY: Infrastructure investment agency AYGM has called tenders for the modernisation, resignalling and electrification of the 825 km double-track main line between Divriği and the border with Georgia. This constitutes the eastern half of Turkey’s section of the Middle Corridor. Work on upgrading and electrifying the…

Railway Gazette Средний коридор
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Drone-hit boxship sinks off Bulgaria

The Greek-managed containership Contship Jet has sunk off Bulgaria after being struck by three sea drones yesterday, as Russia claims further attacks on merchant vessels heading towards Ukrainian ports. The Liberian-flagged vessel, operated by Contships Management, was sailing from Haifa to Constanta when it was attac…

Splash247 Maritime Порты и суда
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CRRC to supply inter-city trains to Azerbaijan’s ADY

AZERBAIJAN: National railway ADY has signed a contract for China’s CRRC Zhuzhou Locomotive to supply four electric inter-city trainsets to support its efforts to modernise the fleet and expand rail connections across the country. The agreement was signed on October 27 by ADY Chairman Rovshan Rustamov and Wang Qiaolin,…

Railway Gazette Средний коридор
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Investigation launched into second fatal accident on Madrid – Andalucía high speed line this year

SPAIN: Investigations have begun into a collision between two high speed trains near Toledo that has left at least 64 people dead, according to Transport Minister Óscar Puente. The incident occurred on the same high speed corridor as the fatal accident at Adamuz earlier this year. The collision south of Toledo occurre…

Railway Gazette Средний коридор