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Türkiye Strengthens Demand For Steelpaint’s Long-Term Corrosion Protection
The rise in the number of Turkish shipyards from 37 in 2002 to about 85 today has substantially increased the country’s newbuild capacity but shiprepair and maintenance continues to account for much of the industry’s maritime activity, as more shipowners extend vessel service life. For instance, Turkish yards, concent…
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 …
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…
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…
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…
Hungary plans to increase funding for railway projects
Hungary plans to increase funding for railway track and station renewals to HUF 80 billion (€218m) in 2027, from HUF 30 billion this year, while launching a wider investment programme intended to modernise the national network over the next decade. Transport and Investment Minister Dávid Vitézy announced the proposed …
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…
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…
UK Budget offers scant rewards for freight sector
Despite a record number of individual fiscal measures, the UK Budget, delivered by Chancellor John Healey, offered few new incentives for the rail sector. Rail freight can point to an extension of the reduced red diesel duty rate, while the wider railway receives a review of infrastructure costs and several regional i…
Dispatch – October 30: Rehabilitation
It’s after 10 pm, and about a hundred meters from the parliament building, in a place once covered with asphalt, there is a large, deep, dark hole. Inside the hole lies a massive concrete box, the outer frame of the underground passage, and over that large box runs a pipe, a newly installed one, but dirty. Over the pi…
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…
Georgia, Azerbaijan Hold Intergovernmental Meeting, Talk ‘Speeding Up’ Border Process
Georgia and Azerbaijan signed documents, discussed cooperation, and agreed to speed up the border demarcation and delimitation process as officials from the two countries held the 11th meeting of the Georgia-Azerbaijan Intergovernmental Commission on Economic Cooperation on October 30 in Tbilisi. The meeting, co-chair…
Türkiye tenders eastern Middle Corridor upgrade: 26-fold capacity increase
Türkiye has invited bids to rehabilitate and electrify the railway between Divriği and the Georgian border, part of its section of the Middle Corridor. The work is divided into three lots that should greatly increase capacity on the route. Proposals are due on 22 December. Türkiye published the tender notice earlier t…
Port of Gothenburg nearly doubles storage capacity at Arken terminal
The Port of Gothenburg has almost doubled the storage capacity of its Arken Intermodal Terminal. It did so without expanding the site. By rebuilding one of the terminal’s through tracks, about 4,000 square metres of handling space for trailers and other units has been freed up. The Swedish Port of Gothenburg announced…
Man Arrested As Tourist From Belarus Alleges Attack Over Russian Speech in Tbilisi
The Interior Ministry confirmed that one person has been arrested, as Russian sources cited a tourist from Belarus alleging that a man physically attacked her at Tbilisi railway station because she was speaking Russian. The alleged assailant reportedly claimed that he hit her after she rejected his attempt to introduc…
Automated Shunting Operations to move to pilot deployments after successful test
A collaboration between Wabtec and partners demonstrated Automated Shunting Operations (ASO) at Vienna’s Albern Hafen rail yard earlier this month. ASO should help improve productivity, mitigate staff shortages and improve operational safety. The technology will now proceed to pilot operations before commercial deploy…
International Reactions to Georgia’s Opposition Party Ban Proceedings
Georgia’s Constitutional Court has begun hearings in a lawsuit filed by 88 lawmakers from the ruling Georgian Dream-led majority seeking to ban five major opposition political groups. The lawsuit targets the United National Movement (UNM), Coalition for Change, Lelo/Strong Georgia, Federalists, and former Prime Minist…
Trains through Fehmarnbelt tunnel reportedly delayed to 2035
The first trains through the Fehmarnbelt tunnel between Denmark and Germany will not run before 2035, three years later than previously expected. This is the assessment of Danish state-owned operator DSB, according to Danish media outlet Ingeniøren, while road traffic could start using the tunnel several years earlier…