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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).
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.
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-…
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 …
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…
Kazakhstan, Azerbaijan Agree to Launch Caspian Bridge Ferry System
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.
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.
Context changes everything: what supplier contracts reveal about supply chain performance
Clarity across supplier contracts helps procurement teams uncover savings, risk and performance insights.
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…
China–Azerbaijan Ties: Turning Connectivity Into Industrial Growth
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…
Somali Pirates Seize Iranian Fishing Vessel With 23 People Aboard
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.
Kazakhstan Reports Growth in Rail Freight With Turkic States
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 Poised for Fourth Monthly Gain Amid Hormuz Supply Risks
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, Georgia Sign New Agreements to Boost Trade and Border Cooperation
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.
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…
From Baku’s Old City to Mud Volcanoes: Discover Azerbaijan’s Hidden Wonders
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 Turns to Arctic Route to Export Grain Amid Black Sea Disruptions
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.
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.
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.