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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A magnitude 5.1 earthquake has struck Türkiye, The Caspian Post reports, citing the country's Disaster and Emergency Management Authority (AFAD).
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.
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…
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-…
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 …
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…
Companies from Kazakhstan and Azerbaijan have signed two documents outlining cooperation on a new trans-Caspian ferry system called the Caspian Bridge, an intermodal freight terminal and a joint venture.
Clarity across supplier contracts helps procurement teams uncover savings, risk and performance insights.
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.
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…
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…
China’s growing engagement with Azerbaijan reflects an increasingly structured, diversified and long-term approach to the South Caucasus. Beijing sees Baku as an important connection between China, Central Asia, the South Caucasus and European markets. Energy and transit remain significant, while investment, green tec…
A round-up of recent rail industry contract awards around the world, compiled by Railway Gazette International . Austria: DPB Rail Infra Service took delivery of its first Siemens Mobility dual-mode Vectron on October 8. The locomotive is approved for operation in Austria and Germany, expanding the company’s operation…
Somali pirates have seized an Iranian fishing vessel, the Azini, with 23 people aboard, raising concerns about possible attacks on commercial shipping in the region.
With ETCS being rolled out on several suburban networks, Australia has adopted it as the technology pathway for national interoperability in widely differing applications. A regulatory structure has been agreed, while the use of common standards is expected to reduce the need for compatibility testing, as Frank Heibel…
Shenzhen Metro Group has emerged over recent years as an increasingly active player in the development of metro, light rail and suburban projects across a swathe of emerging markets, from Algeria to Vietnam, as Benjámin Zelki explains. Embracing the expansionist ideals of China’s Belt & Road initiative, Shenzhen Metro…
Rail freight transportation between Kazakhstan and member states of the Organization of Turkic States (OTS) has increased by 10%, approaching 40 million tons, Kazakh President Kassym-Jomart Tokayev said.
Oil prices rose on Friday, putting them on track for a fourth consecutive monthly gain as traders anticipated a possible escalation in the US-Iran conflict following the US midterm elections. An attack on a tanker in the Strait of Hormuz has further underscored the risks to global supplies posed by the war.
Azerbaijan and Georgia have signed a series of bilateral agreements to strengthen economic cooperation, streamline customs procedures and improve coordination in agriculture and food safety.
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…
CHINA: The Nanchang metro’s maintenance department has developed an adapter to simplify the replacement of different brands and models of emergency lighting equipment used to help evacuate passengers in the case of a power failure. The operator said stations opened at different times often use different customised lig…
Azerbaijan offers a striking blend of ancient history, modern architecture and extraordinary natural landscapes. Its capital, Baku, sits on the shores of the Caspian Sea, where historic streets and centuries-old landmarks stand alongside cutting-edge architecture.
Russia, the world’s largest wheat exporter, has turned to an Arctic shipping route used during World War II to export grain for the first time, as the conflict in Ukraine disrupts Black Sea trade.
The grocery chain seeks to boost first-party procurement volumes to more than 10% while working toward a fully owned import and distribution model.
SPAIN: A serious failure of communications is at the heart of early investigations into the fatal collision between two high speed trains at Urda near Toledo on October 28. Mike Bent analyses how the tragedy unfolded. The 07.53 Madrid Atocha to Sevilla RENFE Viajeros AVE service, operated by Siemens Mobility Velaro tr…
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.
Javier Huerta will oversee The Wella Company’s sourcing, manufacturing and logistics capabilities, effective Dec. 1
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.
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…
South Korea’s Namsung Shipping has been linked to another containership order in China, with brokers reporting a deal for two firm 7,100 teu vessels at Dalian Shipbuilding Industry Corporation (DSIC), plus options for another pair. Shipbroking sources said the CSSC-owned yard had secured the contract, with deliveries …