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US$17,000 in Cash Found Hidden at Uzbekistan Border
Customs officers at the Dustlik checkpoint in Andijan region found US$17,000 hidden behind the rear seat of a truck leaving Uzbekistan.
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Uzbekistan Opens Product Showroom in the United States
Uzbek entrepreneurs have opened a showroom and logistics warehouse in the United States to promote Uzbek products and expand export opportunities.
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Armenia and Kazakhstan Explore New Logistics Routes to Boost Trade
Armenia and Kazakhstan have discussed expanding transport and logistics routes, strengthening trade ties and exploring new opportunities for cooperation, including the development of the Middle Corridor.
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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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KazMunayGas, Transneft Seek to Expand Oil Transit Cooperation
Chief Executive Officer of Kazakhstan's national oil and gas company KazMunayGas (KMG), Askhat Khasenov, met with Nikolay Tokarev, President of Russian oil pipeline operator Transneft, in Moscow to discuss cooperation in oil transportation and transit, the KMG press service said.
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Azerbaijan, UN Discuss Middle Corridor, Regional Connectivity
Azerbaijan’s Foreign Minister Jeyhun Bayramov met with UN Under-Secretary-General for Economic and Social Affairs Li Junhua in Baku on November 6.
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Russian LNG Exports to China Surge More Than Twofold
Russian liquefied natural gas (LNG) exports to China have more than doubled since 2021, rising from 4.5 million to 9.8 million metric tons, according to an analytical report by the PORA Expert Center, The Caspian Post reports, citing TASS.
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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.
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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.
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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.
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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…
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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…
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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 …
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‘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-…
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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…
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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…
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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…
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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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Uzbekistan Air Passenger Traffic Rises 1% to 6.9 Million
Uzbekistan’s airlines carried 6.9 million passengers in January–September 2026, up 1% year on year, while air cargo totalled 86,400 tonnes.
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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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Uzbekistan to Automate Excise Tax Reporting from 2027
Uzbekistan is automating excise tax reporting for oil and gas products, with a transition to proactive tax return preparation planned for 2027.
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Centrum Air and A-Quatro Discuss China-Poland Cargo Flights
Uzbekistan’s Centrum Air and Poland’s A-Quatro have discussed charter cargo flights from China to Poland and multimodal freight delivery options.
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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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Uzbekistan and Wabtec Discuss Railway Modernisation Plans
Uzbekistan and US-based Wabtec have discussed railway infrastructure modernisation, local production, industrial cooperation and specialist training.
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Kazakhstan and Uzbekistan to Open Customs Offices
Kazakhstan has ratified an agreement with Uzbekistan to open customs offices in both countries and strengthen cooperation and information exchange.
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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…
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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.
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US and Turkmenistan Explore New Gas Routes Across the Caspian
US and Turkmen diplomats focused on expanding trans-Caspian connectivity and promoting energy export diversification during annual consultations in Ashgabat. Turkmen officials are signaling a strong desire to improve trade ties with both South Asia and the West, while maintaining the country’s long-standing status as …
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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.
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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…