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Ammonia-Powered Bulk Carrier Takes on Green Fuel in Australian First
Australia has completed its first green ammonia bunkering operation involving an ammonia-powered bulk carrier, marking another step toward bringing alternative fuels into commercial shipping. The operation took place earlier this...
MARAD Approves $1 Billion Offshore Crude Oil Export Port Off Louisiana
The Trump administration has approved a $1 billion offshore crude oil export project off the coast of Louisiana, clearing a major regulatory hurdle for a facility designed to load some...
Brazilian builds boat from rubbish to collect more rubbish
A former Brazilian ocean canoeing champion has taken recycling to a floating extreme, constructing a boat from 230 discarded plastic containers so he can collect even more rubbish from the sea. Marcos Arnhold spent two months building the unusual craft in Guaratuba, southern Brazil, using 125 two-litre plastic bottles…
Shmyhal says Black Sea–Caspian links could open new trade and energy routes
Reliable links between the Black Sea and the Caspian Sea could open new opportunities for trade and energy shipments, Ukrainian Energy Minister Denys Shmyhal said, Report 's Eastern European bureau informs. Shmyhal, who co-chairs the Azerbaijan–Ukraine Intergovernmental Commission, was speaking at the opening of its 1…
War Comes to NATO’s Black Sea Coast, and Shipping Starts Saying No
Maritime experts warn that the westward spread of attacks between Russia and Ukraine, toward NATO coastlines, is now having commercial consequences.
Russia and Iran sign documents on Rasht–Astara railway project
Russia and Iran have signed a package of documents on the construction of the Rasht–Astara railway, Russian Deputy Prime Minister Andrey Nikitin told reporters, Report informs, citing Russian media. Nikitin said Russia's Caspian Services and Iran's CDTIC signed a protocol in Tehran granting access to land along the en…
Germany proposes €100 million in additional aid for Ukraine's infrastructure
Germany is proposing an additional €100 million ($113 million) to help Ukraine repair its water, energy and transport infrastructure and better withstand intensifying Russian attacks, Report informs, citing Reuters. In a letter to parliament's budget committee, Germany's Finance Ministry said the money would supplemen…
IMO Backs Dominguez for Second Term Amid Shipping Attacks and Climate Deadlock
The International Maritime Organization (IMO) Council has backed Secretary-General Arsenio Dominguez for a second four-year term, extending its support for his leadership despite the organization’s failure to adopt its landmark...
Maersk’s 26-Ship LNG Order Adds Nearly Half a Million TEU to Newbuilding Pipeline
A.P. Moller-Maersk is pressing ahead with one of its largest containership ordering programs in years, confirming in its third-quarter earnings report that it has ordered 26 LNG dual-fuel vessels with...
Sites of Memory of Western Azerbaijan: Khalaj, an Ancient Turkic Village in Zangezur
A study on the history of Khalaj, an Azerbaijani village in present-day Armenia that was left deserted after its Azerbaijani residents were driven out in the late 1980s, has been published as part of the "Sites of Memory of Western Azerbaijan" project. Report informs that the article was published in The Perished Civi…
The Hidden Liabilities In Maritime Acquisitions
What Buyers, Sellers and Investors Often Miss During Due DiligenceBy Sabrina Brigance, CMIP, Managing Director, Marine Practice, Hylant Maritime mergers and acquisitions can create significant opportunities for growth. Private equity...
France Extends Maritime Patrol Plane’s Stay in Black Sea After Cargo Ship Attacks
A French maritime patrol aircraft deployed to Romania to bolster surveillance after a series of deadly strikes on merchant ships in the Black Sea on the edge of NATO's eastern flank will extend its stay by several weeks, its commander said on Thursday.
Azerbaijan's Nakhchivan holds significant potential for solar energy, tourism, says British ambassador
The Nakhchivan Autonomous Republic (NAR) has significant potential for developing solar energy and tourism, British Ambassador to Azerbaijan Duncan Norman said during his visit to the region, Report informs. According to the ambassador, cooperation between the UK and Azerbaijan, particularly with Nakhchivan, is develo…
Azerbaijan's chief veterinary inspector outlines fish export requirements
Veterinary oversight is essential when transporting and exporting fish products, said Galib Abdulaliyev, Azerbaijan's chief veterinary inspector and head of the Food Safety Agency's Animal Health and Biosafety Department. Report informs that Abdulaliyev was speaking at the first Azerbaijan Regional Aquaculture Forum i…
Azerbaijan to subsidize aquaculture equipment purchases from 2027
Azerbaijan plans to provide subsidies to fish farming and aquaculture enterprises for purchasing equipment starting January 1, 2027, Elnur Musayev, deputy chairman of the Agrarian Credit and Development Agency (AKIA) under the Ministry of Agriculture, announced at the First Regional Aquaculture Forum in Baku, Report i…
Georgia offers more than 400 services through unified government portal
Georgia is developing digital platforms and mobile service centers to make public and private services more accessible, Georgian Deputy Justice Minister Lana Morgoshia said. Report informs that Morgoshia was speaking at the UN Governance Innovation Summit in Baku. She said more than 600 public and private services wer…
BP raises over $1bn from Aker BP stake sale
British energy major BP has raised about $1.06bn by selling part of its stake in Norwegian oil and gas producer Aker BP as it continues efforts to strengthen its balance sheet. The company sold 31.6m shares, representing around 5% of Aker BP’s total issued share capital, for NOK311 per share. The transaction generated…
Azerbaijan proposes six-year VAT exemption for agricultural machinery
Azerbaijan has proposed exempting sales of agricultural tractors and imports of their spare parts from value-added tax (VAT), as well as customs duties, for a period of six years starting January 1, 2027. According to Report , the proposal is included in a draft law on amendments to the Tax Code. The document is part …
Maersk Slides as Upgraded Guidance Is Lower Than Anticipated
AP Moller-Maersk A/S shares slumped after a guidance upgrade and third-quarter earnings from the world’s second-largest shipping line fell short of analyst estimates.
Azerbaijan plans to introduce hourly wages, electronic salary payments
Azerbaijan plans to introduce hourly wages, particularly for employment contracts lasting less than a month or for jobs involving no more than 20 hours a week, as outlined in a draft law amending the Labor Code, Report informs. Hourly pay will be applied in specific economic sectors and at workplaces created by indivi…
Evergreen’s Suez return leaves Zim increasingly isolated
The container shipping industry’s long detour around southern Africa is rapidly coming to an end, with Taiwan’s Evergreen preparing to send its first ships through the Suez Canal after almost three years of avoiding the Red Sea. According to liner consultancy Linerlytica, Evergreen will deploy the 16,556 teu Ever Eon …
Effective fishery management needed for Azerbaijan's Caspian sector, FAO says
The Azerbaijani sector of the Caspian Sea and the country's inland waters need effective fishery management, habitat protection, and responsible aquaculture development, Deputy Regional Representative of the Food and Agriculture Organization of the United Nations (FAO) for the region of Europe and Central Asia Nabil G…
Official: Garabagh, East Zangezur priority zones for aquaculture clusters
Garabagh and East Zangazur are priority areas for establishing a sustainable aquaculture cluster while preserving ecological balance, Latif Gasimov, Head of the Agricultural and Environmental Affairs Department at the Azerbaijani Cabinet of Ministers' Office, said at the 1st Azerbaijan Regional Aquaculture Forum in Ba…
Greater attention needed for preservation of Caspian Sea bioresources
Greater attention should be paid to the conservation of aquatic bioresources in the Caspian Sea, Chairman of the Milli Majlis Agrarian Policy Committee Tahir Rzayev said at the 1st Azerbaijan Regional Aquaculture Forum in Baku, Report informs. According to him, it is necessary to protect fish stocks, prevent illegal f…
Fishery development to strengthen food security, regional jobs in Azerbaijan
The development of fisheries and aquaculture strengthens Azerbaijan's food security and opens up opportunities for employment growth in the regions, Minister of Agriculture of Azerbaijan Majnun Mammadov said at the 1st Azerbaijan Regional Aquaculture Forum in Baku, Report informs. According to the minister, the develo…
Maersk upgrades profit outlook despite underperforming rivals
Maersk has raised its full-year earnings guidance for the third time this year, with the Danish shipping giant continuing to benefit from extraordinary freight rates, resilient cargo demand and widespread supply chain disruption. The Copenhagen-headquartered group now expects underlying EBITDA of between $14bn and $14…
Propspeed Joins RightShip’s Zero Harm Innovation Partners Program to Support More Efficient and Sustainable Vessel Operations
Improving vessel energy efficiency is an important part of the maritime industry’s efforts to reduce fuel consumption and greenhouse gas emissions. While hull performance often receives significant attention, the condition...