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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 …
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OPEC+ holds December oil output target
The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 1 November 2026, to review global market conditions and outlook. The seven participating countries decided to main…
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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…
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Why more inventory won’t fix your supply chain’s fill rate
Record inventory but still missing fill rate targets? The problem isn't supply or forecasting; it's your supply chain decision layer. Here's how to fix it.
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Context changes everything: what supplier contracts reveal about supply chain performance
Clarity across supplier contracts helps procurement teams uncover savings, risk and performance insights.
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MSC adds three more megamaxes at Waigaoqiao
Mediterranean Shipping Co (MSC) has been linked to another three LNG dual-fuel megamax containerships at China’s Shanghai Waigaoqiao Shipbuilding (SWS), expanding its series at the CSSC-owned yard to 13 vessels. Shipbroking sources place the latest 21,700 teu newbuildings at around $210m apiece, valuing the additional…
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Non-Performing Loans Account for 3.8% of Uzbekistan Bank Lending
Uzbekistan’s banks reported 25.04 trillion soums in non-performing loans as of 1 October 2026, equal to 3.8% of their total loan portfolio.
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Industrial Lending in Uzbekistan Falls 8.8% Year on Year
Bank loans to Uzbekistan’s industrial sector fell to 133.4 trillion soums by 1 October 2026, despite 13.2% growth in the overall loan portfolio.
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New seafarers’ federation launched in India
A new federation bringing together Indian seafarer unions, welfare organisations and maritime charities has been established in Chennai with plans to coordinate action on crew abandonment, unpaid wages and seafarer safety. The International Transport Employees Federation (ITEF) was formed on October 31 following a mee…
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Uzbekistan’s Bank Loan Portfolio Grows 13.2% in a Year
Uzbekistan’s commercial bank loans reached 659.1 trillion soums by 1 October 2026, driven by 19% growth in lending to individuals.
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What Changes in Uzbekistan’s Legislation from 1 November 2026
Uzbekistan introduces changes to customs fees, pension services, LPG supplies, public security, business prepayments and mobile advertising from 1 November.
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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…
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Uzbekistan Airports Handle 12.66m Passengers in Nine Months
Uzbekistan’s airports handled 12.66 million passengers in January-September 2026, up 13% year on year, while cargo and mail volumes rose 27%.
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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…
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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…
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Kroger accelerates direct sourcing efforts for better cost control, visibility
The grocery chain seeks to boost first-party procurement volumes to more than 10% while working toward a fully owned import and distribution model.
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FedEx drawing parcel-focused shippers to its air freight services
Air freight demand from traditionally parcel-centric customers is rising as the carrier pushes for more business in high-value segments like AI and data centers.
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OPI, Nioxin owner appoints chief supply chain officer
Javier Huerta will oversee The Wella Company’s sourcing, manufacturing and logistics capabilities, effective Dec. 1
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Trump opts for trade talks over tariffs for robotics, industrial machinery
For the second time this month, the president directed cabinet officials to negotiate over imports deemed a threat to U.S. commerce and security by a Section 232 probe.
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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…