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Azerbaijan's construction sector loan portfolio jumps 82% in nine months

Ukraine Proposes New Logistics Route Linking Azerbaijan to Europe

Strong transport links between the Black Sea and the Caspian Sea could create new opportunities for trade and energy supplies, with Ukraine proposing the development of logistics routes connecting Azerbaijan to European markets.

Russia and Iran Sign New Deal to Advance 162-Km Railway Project

Russia and Iran have signed key documents granting access to land plots along the planned route of the Rasht-Astara railway line, paving the way for further engineering work on the strategic transport project.

Russian Railways Offers 40.4% Discount on Exports Through Azerbaijan

Russian Railways (RZD) has introduced a 40.4% discount on export rail shipments of selected timber industry products through border crossings with Azerbaijan, Belarus and Kazakhstan.

Hazar Logistik, Gebrüder Weiss discuss cargo transit via Turkmenbashi port

Finland Sees Continued Demand for Icebreakers Despite Warming Winters, Citing Security Concerns

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…

Calmer waters for container spot rates, but ‘fragile’ Middle East a threat

There was a certain sense of calm about the container spot freight rate market this week, with slight declines on both the transpacific and Asia-Europe trades as capacity constraints eased and demand remained seasonally subdued. Drewry’s World Container Index (WCI) recorded a 2% week-on-week drop on its Shanghai-Rotte…

Iran Oil Exports Near Zero But Peace Deal Not Likely, FGE Says

Iranian oil exports have dwindled to almost nothing under the US naval blockade, but the chance of an imminent deal between the two sides to end the war is low, according to FGE NexantECA.

Freighter capacity divides air cargo fortunes as rates climb

Access – or not – to freighter capacity is helping shape air cargo’s fortunes. IAG Cargo, which shed its freighter operations more than a decade ago, lost traffic following cancelled services, while asset-heavy DHL reported double-digit volume growth. But rising rates do not necessarily signal a late peak-season surge…

NYK – the argument now is over what a normal year looks like

NYK has raised its dividend to ¥330 a share on a year swollen by the closure of the Strait of Hormuz and strong container rates, but its own guidance has second-half profit falling by more than 40%. Morgan Stanley values the company on a normal year worth less than half of this one and sees a risk the dividend is cut …

‘Carrier selection matters’ when it comes to getting your goods on time

The Asia-North America tradelane is facing the highest ocean freight disruption risk over the coming weeks. Reduced carrier capacity and growing difficulty securing bookings threaten shipment reliability, according to WiseTech Global. The company’s November Ocean Freight Risk Outlook, released today covering weeks 45-…

Forget about Mærsk as the integrator of container logistics

Today we soft launch our “Top Analyst Question(s) Award” drawing from yesterday’s Q3 26 (YAWWWNNNN) earnings call with Mærsk, when CEO Vincent Clerc tried to explain why all units are firing on all cylinders, almost a decade after the carrier’s reorg was disclosed (our exclusive from Oct 2018 is here), aiming for deep…

Cargo crime in North America down in Q3, but losses are mounting

Organised criminal networks are increasingly exploiting identity fraud, carrier impersonation and weaknesses in freight verification, driving cargo theft losses across Canada and the US up 39% year on year, despite a sharp decline in reported incidents Verisk CargoNet recorded 2,072 of reported supply chain crime inci…

Hong Kong reviews river fees as mainland ports lure cargo away

Hong Kong is reviewing permit fees charged to river trade vessels as it seeks to maintain its port’s competitiveness amid growing competition from mainland Chinese terminals in Guangzhou and Shenzhen. The secretary for transport and logistics, Chan Mei-po, announced the review in a written reply to the Legislative Cou…

Uzbekistan seeks to deepen railway cooperation with US-based Wabtec

Ammonia-Powered Bulk Carrier Takes on Green Fuel in Australian First

Australia has completed its first green ammonia bunkering operation involving an ammonia-powered bulk carrier, marking another step toward bringing alternative fuels into commercial shipping. The operation took place earlier this...

STB turns UP-NS merger fight into inquiry over shipper intimidation

Union Pacific must disclose Jim Vena’s conference video and produce records about possible retaliation. The railroad denies making threats, and regulators have yet to decide whether anyone was intimidated – or whether the merger review should continue. For a regulator assessing the largest proposed US railroad combina…

MARAD Approves $1 Billion Offshore Crude Oil Export Port Off Louisiana

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...

Turkish, Iranian FMs Discuss Tehran-Washington Negotiations

Turkish Foreign Minister Hakan Fidan held a telephone conversation with his Iranian counterpart, Abbas Araghchi, Turkish diplomatic sources said on Thursday, The Caspian Post reports, citing Anadolu Agency.

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.

Russia, Iran Sign Several Documents for Key Railway Project

Russia and Iran have signed a package of documents related to the construction of the Rasht-Astara railway line, Russian Deputy Prime Minister Andrey Nikitin told journalists.

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...

Nasdaq plunges into correction territory

CNBC reports: The Nasdaq Composite plummeted on Thursday, erasing the sharp gains from the previous session, as investors accelerated their move away from technology stocks in the wake of the U.S. midterm elections. The tech-heavy Nasdaq declined 3.9% and dipped into correction territory, trading more than 10% below a…

Detention fees have a simple problem: a bigger bill cannot move a box that cannot move

The US Federal Maritime Commission wants research into when charges above compensatory cost actually speed cargo movement. For shippers, the critical distinction is between a delay they can prevent and one they cannot. A container is ready to leave a terminal, the trucker has an appointment, and the importer chooses t…

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...

Russia Takes Temporary Control of Japan Tobacco’s Assets

Russian President Vladimir Putin has signed a decree transferring the stakes held by international tobacco company Japan Tobacco Inc. (JTI) in its Russian manufacturing facilities to the temporary management of JSC Industrial Assets. The document was published on Russia’s official legal information portal.

Russian-Flagged Oil Tanker Towed to Egypt Port After Engine Failure

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.

The Hidden Liabilities In Maritime Acquisitions

What Buyers, Sellers and Investors Often Miss During Due DiligenceBy Sabrina Brigance, CMIP, Managing Director, Marine Practice, Hylant Maritime mergers and acquisitions can create significant opportunities for growth. Private equity...

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.

KTZ Express ships cargo from Kazakhstan to Mexico via Azerbaijan using TITR