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Affinity Tanker Weekly, 6 November 2026
VLCCs have softened throughout the week as limited enquiry and increasingly competitive Suezmax alternatives have tempered owners’ Source: Affinity Research LLP
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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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Belgium Transfers Minehunter to Bulgaria to Increase Black Sea Security
Belgium completed the official handover of one of its older minehunters to Bulgaria as part of a pact between Belgium, the Netherlands, and Bulgaria d...
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PKP Cargo eyes further layoffs as unions demand sign-off on pay deal
Polish freight operator PKP Cargo is apparently planning another round of collective layoffs before the end of the year, along with changes to how its staff are paid, according to Polish rail media. Responding to the reports, PKP Cargo told the Polish Press Agency that restructuring administrator Paweł Głodek is analy…
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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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Scottish campaigners include freight opportunities
Lobby groups in the north and south of Scotland have emphasised how freight can play a new role in railway development. Campaigns in the North East and the Scottish Borders have both put their cases to the government and to stakeholders at large. The North East lobby group was at the Scottish Parliament last week, whi…
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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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Medway goes solo on Le Havre–Nantes trains as French map grows
Medway France is now running MSC’s container trains between the ports of Le Havre and Montoir-de-Bretagne on its own, after more than three months working on the flow alongside Europorte. It is the company’s third regular flow in France, less than a year after it entered the market. MSC’s rail freight arm started the …
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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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KTZ Express ships Kazakh polymers to Mexico via the Middle Corridor
KTZ Express, the freight forwarding subsidiary of Kazakh Railways (KTZ) has organised a container shipment from Kazakhstan to the Mexican Port of Veracruz. KTZ is reaching ever-more destinations across the world “beyond traditional sales markets”. KTZ Express presented the shipment as part of an effort to expand the g…
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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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ČD Cargo refutes claims ‘rail can’t compete with road’ for smaller shippers
ČD Cargo has rejected the “simplistic conclusion that rail cannot compete with road”, after shippers interviewed on primetime Czech television said they had switched to trucks on cost and speed. Rail, the operator says, “can offer a competitive solution in terms of price, transport capacity and reliability”, for both …
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What will happen to DB Cargo if it fails to break even?
Time is ticking for the German national rail freight operator DB Cargo. It needs to implement its restructuring programme by 31 December 2026 under a deal with the European Commission. If the operator fails to do so, it could be in serious trouble. The goal is to break even financially. The DB Cargo case in short DB C…
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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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Suez Canal Authority Tows Sanctioned Russian Tanker to Safety
The Suez Canal Authority is highlighting its broad salvage capabilities available to shipping beyond the canal, including regional waters around Egypt...
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Seven Shadow Fleet Tankers Spoof AIS to Hide Novorossiysk Voyages
Sanctioned Tankers Fake Their Positions Near the Bosphorus A cluster of seven sanctioned Russian tankers were found to have routinely and deliberately manipulated AIS over the past 90 days to falsely claim they were drifting off the Black Sea close to the Bosphorus entrance. The tankers were instead identified by Wind…
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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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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.
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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.
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Adif president follows Puente out: what’s left of Spain’s freight agenda?
Adif president Luis Pedro Marco de la Peña has resigned, a day after Transport Minister Óscar Puente quit over the deadly Urda high-speed crash. With Spain’s rail leadership upended just weeks before the 29 November snap election, what does the shake-up mean for freight, from Adif’s new 2026–2030 funding deal to the R…
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October Sees Surge in Attacks on Ships in Strait of Hormuz
A record 34 vessels were attacked while transiting the Strait of Hormuz in October, accounting for more than a quarter of all reported attacks on ships in the region since the start of the Middle East conflict.
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One-day French national strike to disrupt rail freight
A one-day general strike in France today over the rising cost of living is expected to bring some disruption to rail freight, according to one major operator. The strike is expected to be particularly widespread across the French rail network and also highly-localised in certain areas such as the Greater Paris region,…
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Iran Reports More Tanker Fires in Strait of Hormuz
Two oil tankers and a tugboat caught fire in the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Thursday, as Iran continues to report a growing number of incidents with vessels trying to transit the Strait on routes unauthorized by the Islamic Republic. One of the oil tankers hit a naval min…
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Drewry: Red Sea Diversion Tracker Shows Significant Increase in Suez Canal Transits
With regional security changing rapidly, Drewry’s Red Sea Diversion Tracker delivers timely intelligence to shippers, carriers, ports and other stakeholders on the evolving structure of carrier networks. This tracker page is updated fortnightly (every other Tuesday). Most Asia-Europe capacity now back via Suez During …