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Kyrgyzstan, Georgia Seek Closer Ties in Transport and Tourism
Kyrgyzstan and Georgia are looking to expand cooperation in transport, logistics and tourism following talks between their leaders in Bishkek.
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China’s property starts plunge to 2002 levels
China’s property construction collapse has taken new building starts back to levels last seen in 2002, raising fresh questions about the long-term outlook for iron ore and coking coal demand, even as dry bulk owners become increasingly bullish about freight markets. Research published today by Ursa Shipbrokers reveals…
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ERA Executive Director to speak at inaugural Railway Gazette Summit
EUROPE: As the European rail landscape undergoes a period of profound transformation, the 2026 Railway Gazette Summit will be debating opportunities for building a resilient, competitive and sustainable railway sector. A detailed programme can be found here . Hosted by Railway Gazette International Executive Editor Ni…
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From the Caspian to Europe: How Baku and Astana Can Build a Stronger Eurasian Partnership
Kazakhstan and Azerbaijan are no longer simply two countries linked by the Caspian Sea. They are increasingly shaping a shared vision of Eurasian connectivity - one that encompasses transport, energy, digital infrastructure, investment and regional diplomacy.
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Samudera taps Yangzijiang yards for boxship duo
Singapore-listed Samudera Shipping Line has ordered two containerships in China, adding 6,000 teu of capacity to its newbuilding pipeline. The Indonesian-controlled carrier disclosed in a filing that it had signed shipbuilding contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding, both …
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TS Lines adds $246m boxship brace in China
Taiwanese liner operator TS Lines has returned to Shanghai Waigaoqiao Shipbuilding (SWS) for another pair of containerships in a deal worth $246m. The Hong Kong-listed carrier has contracted two 11,000 teu vessels at the CSSC-controlled yard, together with China Shipbuilding Trading, paying $123m apiece. The ships are…
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Urban rail industry news round-up
This week’s round-up of news from the global urban rail transport sector, from Railway Gazette International . On October 29 Wuhan opened two more sections of its metro network. The second phase of Line 12 between Gangduhuayuan and Moshuihu Park via the north and west of the city joins the two ends of Phase 1 opened o…
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Kremlin Reveals Details of Preparations for Putin-Trump-Xi Meeting
An exchange of signals confirming readiness to hold a trilateral meeting between Russian President Vladimir Putin, US President Donald Trump, and Chinese President Xi Jinping on the sidelines of the APEC summit in Shenzhen is underway, Kremlin spokesman Dmitry Peskov said, The Caspian Post reports, citing Vesti.
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Dubai Benchmark Slips Into Contango for the First Time Since July
The curve of the Dubai benchmark is showing signs that rising oil flows from the Middle East are exceeding demand for the first time since early July, when the three-week U.S.-Iran ceasefire allowed millions of barrels to leave unhindered the Strait of Hormuz. Physical flows have been gradually rising for the past two…
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Prime Minister inaugurates Pune Metro Line 3
INDIA: The 23.3 km Pune Metro Line 3 (Pink) was inaugurated by Prime Minister Narendra Modi via video link on November 3, with passenger services scheduled to start the following day. Developed by a joint venture of Siemens and Tata under a PPP agreement, the elevated line with 23 stations is intended to halve travel …
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SOCAR, KazMunayGas Discuss Expanding Kazakh Oil Transit Through Azerbaijan
The State Oil Company of the Azerbaijan Republic (SOCAR) and Kazakhstan's national oil and gas company KazMunayGas have discussed expanding cooperation on transporting Kazakh oil through Azerbaijan.
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Iran Claims Destruction of Two US Drones in Hormozgan - VIDEO
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed that it destroyed two US-made Lucas drones near the port of Bandar Khamir in Hormozgan Province.
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Kazakhstan Busts International Drug Trafficking Network in Caspian Sea
Kazakhstan's National Security Committee has dismantled an international drug trafficking network operating in the Caspian Sea, detaining five people and seizing nearly 109 kilograms of narcotics.
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Celebrate the best of UK rail at the 2027 Rail Business Awards
UK: Organisations across the UK rail and metro sectors have until 23.55 on November 13 to submit entries for the next Rail Business Awards , which will take place on March 11 2027 in Newcastle-upon-Tyne. Established as the first national awards for the UK railway sector, the prestigious Rail Business Awards recognise …
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Renfe updates safety protocol as investigators analyse Urda collision
SPAIN: Renfe has introduced a new safety directive for high speed operations, requiring trains to halt and proceed at a maximum speed of 40 km/h under visual supervision after cab signalling failures. The decision follows the fatal Urda collision that killed at least 69 people. Most Spanish high speed lines are equipp…
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Melbourne Airport Rail Link moves two steps closer to realisation
AUSTRALIA: The Victorian Infrastructure Delivery Authority has announced the preferred bidder to rebuild Sunshine station as part of Stage 1 of Melbourne’s long-planned Airport Rail Link. It has also committed to starting Stage 2 works in 2028, leaving the final stage without a timescale. The airport rail project is b…
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Saudi Aramco Profit Beats Expectations as Oil Prices Soar
Saudi Aramco beat analyst estimates of its third-quarter profit as higher crude oil and fuel prices offset the impact of oil supply disruptions due to attacks on its assets. The Saudi state oil giant on Tuesday reported an adjusted net income of $31.2 billion for the third quarter, up from $28.6 billion for the same p…
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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 …
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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…
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The Caspian No Longer Divides: How Kazakhstan and Azerbaijan Are Building a New Eurasian Axis
From oil transit and the Middle Corridor to a trans-Caspian internet link and green energy, cooperation between Baku and Astana is becoming increasingly practical. Both countries have ambitious plans, but their success will depend on overcoming logistical, financial and trade challenges.
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Sweden selects lower-cost Norrbotniabanan route as budget tightens
SWEDEN: Trafikverket has picked the lowest cost of the routes it studied for part of Norrbotniabanan, a missing link in the EU’s core rail network along the northern Baltic coast, three months after the government ordered it to rein in costs on the line’s unbuilt northern section. The Swedish transport administration …
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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…
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The Middle Corridor’s Future Depends on More Than Railways: Azerbaijan’s Strategic Role in Eurasian Trade
The Middle Corridor is becoming an increasingly important connection between China and Europe, and Azerbaijan occupies a central position in its development. The country is a key hub in the Caspian segment of the route: the Port of Baku and the Baku-Tbilisi-Kars railway connect Central Asia with Türkiye and European m…
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Sanctioned Iranian Tanker Slips Past U.S. Blockade, Delivers Cargo to China
A sanctioned Iranian tanker carrying about 500,000 barrels of liquefied petroleum gas slipped past the U.S. naval blockade and delivered its cargo to China, according to United Against Nuclear Iran (UANI), which says it filmed the ship at a Malaysian anchorage along the way. Tanker laden with Iranian LPG transiting th…
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5.1-magnitude earthquake strikes southwestern Türkiye
A magnitude 5.1 earthquake has struck Türkiye, The Caspian Post reports, citing the country's Disaster and Emergency Management Authority (AFAD).
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Rare Iranian Strike On Vessel Hundreds Of Miles From Strait Of Hormuz
Sunday saw another vessel attacked in Persian Gulf regional waters. The UK Maritime Trade Operations agency (UKMTO) reported that a ship was struck by two projectiles some 83 miles east of Ras al-Khafji, which is the Saudi town on the Kuwaiti border in the northern Persian Gulf. Significantly and unusually, this parti…
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Kazakhstan Prioritizes Trade, Logistics, Investment Ties with CAREC Nations
Trade turnover between Kazakhstan and member countries of the Central Asia Regional Economic Cooperation (CAREC) Program increased by 14.4% in 2025, reaching $8.8 billion, according to the Kazakh government's press service.
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Eurostar announces next Chief Executive Officer
EUROPE: International high speed train operator Eurostar announced on November 2 that Gwendoline Cazenave was stepping down as CEO. Christophe Fanichet has been appointed as CEO from December 1, with Matthieu Quyollet, Chief Financial, Strategy & Transformation Officer and deputy CEO, serving as CEO in the interim. Fa…
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Şanlıurfa light rail construction contract awarded
TURKEY: Şanlıurfa municipality has let a contract to construct the first phase of the city’s future light rail system to a consortium of Sigma İnşaat, Emreray Enerji and Vestan İnşaat. The consortium submitted a winning bid of TL3.39bn, the lowest of seven bids received. Phase 1 involves construction of a 14 km north-…
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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 …