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Azerbaijan-Greece trade rises to $715.7 million, up more than 50% since 2024
Trade turnover between Azerbaijan and Greece exceeded $715.7 million in January–September 2026, marking an 8.7% increase compared with the corresponding period of 2025, according to the State Customs Committee.
Italy approves rail investments for €5.4bn
Italy’s draft budget law for 2027 allocated €5.43 billion to the national rail network over the next two years. The funds will be sent to infrastructure manager RFI, with the Terzo Valico project getting the largest share of the funds with €1.6 billion. According to article 77 of the bill, the ‘Services’ part of the p…
Azerbaijan's electric vehicle imports plunge 56% in first nine months of 2026
Azerbaijan imported 680 electric vehicles between January and September 2026, marking a 56.4% decline compared with the corresponding period of 2025. According to data released by the State Customs Committee, the total value of electric vehicle imports fell by...
Azerbaijan bets on Caspian winds to build its next energy export industry
For much of its modern history, Azerbaijan's economic and political influence has been closely tied to oil and gas. The country built its reputation as an energy producer long before the current debate about energy diversification and the green transition became a global priority. Its pipelines connected the Caspian b…
Kazakhstan and Azerbaijan agree: “Superferry” and new intermodal terminal for Middle Corridor
Kazakhstan and Azerbaijan are planning a joint intermodal terminal at the Baku International Sea Trade Port. In addition, the two countries want to launch regular high-capacity ferry services between the ports of Alat and Kuryk, dubbed “Superferry” in Azerbaijan. Both projects target freight on the Middle Corridor. Th…
Évora–Caia delay costs Medway its daily freight Sines-Seville trains
The opening of Portugal’s new Évora–Caia line has slipped once again, this time to 2028, and the first casualty is already known. MSC has reportedly suspended the daily Medway freight service between the port of Sines and Seville, taking around 50,000 containers a year to a Spanish port instead. “Unfortunately, we fou…
Ernst Russ offloads another feeder in fleet reshuffle
German shipowner Ernst Russ has sold another feeder containership, continuing to trim its older boxship exposure while building up its tanker and multipurpose fleet. The Frankfurt-listed company has confirmed the sale of the 2007-built, 803 teu Mirror, without disclosing the buyer and price. The vessel is expected to …
Contships locks in fresh CMA CGM and ONE feeder deals
Greek feeder containership owner Contships Logistics has secured two new charter deals with CMA CGM and Ocean Network Express (ONE), adding contracted employment as it prepares for an extensive fleet renewal programme. The Nikolas Pateras-led company disclosed in its third-quarter earnings report that the Contship Sky…
Maersk rail service shortens Finland–Asia transit by eight days
Maersk is launching a block train between Haparanda, on the Swedish–Finnish border, and APM Terminals Gothenburg. The service offers businesses in Finland and Northern Sweden an alternative to the conventional feeder route across the Baltic Sea. The first train is scheduled for 5 November. Logistics giant Maersk is ta…
New dawn for Limerick-Foynes freight line
The first train has run on the reinstated Limerick-Foynes Freight Line, ahead of the 2027 restoration of rail access to Ireland’s Port of Foynes. The two-car passenger unit operated during testing over a public holiday weekend at the end of October. It was the first train to traverse the route since its decommissionin…
Laude Smart Intermodal calls on Europe to donate old locomotives to Ukraine
European countries should hand over their old but operational locomotives to Ukraine, the Polish operator Laude Smart Intermodal argues. In turn, Europe could renew its fleet with new locomotives financed with EU aid. Ukraine has lost over 600 locomotives due to Russian attacks, while Polish companies retain several h…
October deluge brings Panama Canal lake levels back towards normal
A surprisingly wet October has brought much-needed relief to the Panama Canal, with Gatun Lake recovering to near its historical average despite warnings that a powerful El Niño could trigger another prolonged drought. New research from Ursa Shipbrokers, drawing on Panama Canal Authority data, shows Gatun Lake average…
Kazakhstan, Azerbaijan discuss expansion of Middle Corridor
Kazakhstan’s Transport Minister Nurlan Sauranbayev, Azerbaijan’s Ambassador to Kazakhstan Alimirzamin Asgarov, and AZCON Holding representative Shahin Babayev have discussed prospects for bilateral cooperation at a meeting in Astana.
Azeri Light oil price falls 7.66% per barrel
The price of Azerbaijan's Azeri Light crude oil fell by $9.66, or 7.66%, to $116.50 per barrel on a CIF basis at Italy's Augusta port.
The Middle Corridor’s Future Depends on More Than Railways: Azerbaijan’s Strategic Role in Eurasian Trade - Caspian Post
The Middle Corridor’s Future Depends on More Than Railways: Azerbaijan’s Strategic Role in Eurasian Trade Caspian Post
Cargo ship hit in Strait of Hormuz, one person killed
An Indian cargo vessel carrying 14 crew members has come under an aerial attack off the coast of Oman, leaving one sailor dead.
EU approves €30 million in state aid for EUREGIO terminal near Aachen
The European Commission has approved €29.3 million in German state aid for a new rail-road terminal near Aachen. The so-called EUREGIO terminal is set to start operations in 2035. The aid takes the form of a direct grant to the infrastructure company EVS EUREGIO Verkehrsschienennetz, the future owner of the terminal. …
German wagon keepers urge parliament to reverse rail freight funding cuts
The German association of freight wagon keepers VPI has called on the budget committee to reverse planned funding cuts in 2027. The subsidy for track access charges (TAC), for example, would drop to about €200 million, while the TACs themselves are set to rise substantially. The German freight wagon keepers’ associati…
OMV Petrom chief to exit as Neptun Deep nears first gas
Romanian oil and gas producer OMV Petrom is preparing for a leadership change as chief executive Christina Verchere has announced she will not seek another term, with her departure set to occur around the planned startup of the company’s flagship Neptun Deep gas development in the Black Sea. Verchere, who has led the …
Azerbaijan, Kazakhstan sign agreements on Caspian ferry system and new Baku cargo terminal
Azerbaijan and Kazakhstan have signed two agreements aimed at expanding transport and logistics cooperation, including the development of a new intermodal cargo terminal at the Port of Baku and the establishment of a next-generation ferry system across the Caspian Sea.
From Hormuz to the Red Sea: Can rail arrive before the next disruption?
The Strait of Hormuz and Bab el-Mandeb are testing the resilience of Middle Eastern trade routes at the same time. Attacks on shipping, threats to energy infrastructure and doubts over maritime security are pushing operators to rethink their routes, vessel availability and insurance exposure. Even where commercial tra…
Wallenius Wilhelmsen adds $700m Asian carmaker deal to contract haul
Norwegian car carrier giant Wallenius Wilhelmsen has secured a three-year shipping contract worth around $700m with a major Asian automaker, taking its newly announced contract wins to more than $1.7bn in the space of five days. The Oslo-listed group did not identify the customer but said the agreement builds on an ex…
Ukraine turns to second-hand locomotives: over 600 units lost during war
Ukrainian Railways (UZ) plans to acquire up to 60 used locomotives over the next six months. A World Bank grant of $100 million (about €90 million) should help pay for them. Russian attacks have damaged 605 Ukrainian locomotives so far, the government says. The Ukrainian national rail operator UZ is pursuing several r…
IMs, operators hand Commission agreed plan on temporary capacity restrictions
Infrastructure managers and operators have handed the European Commission a compromise on rescheduling paths hit by temporary capacity restrictions, as it drafts rules under the EU’s Capacity Management Regulation. A separate operators’ paper goes further, demanding replacement paths at least 120 days ahead, up from a…
The Baku-Tbilisi-Kars railway has officially opened in Georgia - Turkmenportal.com
The Baku-Tbilisi-Kars railway has officially opened in Georgia Turkmenportal.com
Azerbaijan, Kazakhstan plan joint intermodal cargo terminal
Kazakhstan and Azerbaijan are planning to establish a joint intermodal cargo terminal and a new Trans-Caspian ferry system called the "Caspian Bridge."