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Kyrgyzstan's SMEs expand contract work, trade and cargo transport in 2025

UK Ambassador: Nakhchivan has significant potential to strengthen regional connectivity

Nakhchivan has significant potential to strengthen regional connectivity, UK Ambassador to Azerbaijan Duncan Norman said in a post on X, according to Report . "Railways, transport infrastructure and the Middle Corridor offer new opportunities for UK-Azerbaijan cooperation. I look forward to working together to impleme…

Ambassador: Kazakhstan and Azerbaijan to сontinue developing Trans-Caspian infrastructure

Cooperation between Azerbaijan and Kazakhstan was discussed at a roundtable held at the Kazakh Embassy in Baku. According to Report , citing the embassy, the event was attended by diplomats, members of Azerbaijan's Milli Majlis, political scientists and experts. In his address, Kazakh Ambassador Alim Bayel highlighted…

Iran stresses need to prevent further escalation – Araghchi

Center: Ships in Caspian Sea warned of strong winds

The Vessel Traffic Management Center of Azerbaijan's State Maritime and Port Agency has warned ships of strong winds in the Caspian Sea. According to Report , citing the agency, northwesterly and northerly winds observed in the Caspian Sea on November 8 are expected to continue until November 9. Wind speeds are foreca…

Azerbaijani gymnast Tofig Aliyev wins silver at World Championships in Nanjing

Azerbaijani national team member Tofig Aliyev has won a silver medal at the Trampoline Gymnastics and Tumbling World Championships in Nanjing, China. According to Report , Aliyev scored 29.700 points in the final of the individual tumbling event to finish second. This is the first World Championship silver medal of Al…

Metal products manufacturing facility commissioned in Aghdam Industrial Park

On November 7, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of a metal products manufacturing facility operated by ASMC Limited Liability Company (LLC) in the Aghdam Industrial Park. According to Report , Shirin Jamalli, founder of Almet Holding Open Joint Stock Company (OJSC), briefe…

President Ilham Aliyev attends inauguration of orthopedic mattress manufacturing facility in Aghdam

On November 7, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of an orthopedic mattress manufacturing facility operated by Komfy Limited Liability Company (LLC) in the Aghdam Industrial Park. According to Report , Fuad Najafov, Director of Komfy LLC, briefed the head of state on the ent…

Oil and gas production volumes from Chirag platform revealed

A total of 107.8 million tonnes of oil and 25 billion cubic metres of gas have been produced from the Chirag platform in Azerbaijan's sector of the Caspian Sea since it was commissioned through November 1 this year. The Ministry of Energy told Report that November marks the 29th anniversary of the start of oil product…

Price of Azerbaijani oil exceeds $107

The price of one barrel of Azerbaijan's Azeri Light crude rose by $0.62, or 0.58%, to $107.46 on the global market, a source in the oil market told Report . According to trading results, January futures for Brent crude stood at $96.48 per barrel. At the Turkish port of Ceyhan, the FOB price of Azeri Light rose by $0.8…

SOCAR and Honeywell Technologies sign Global Framework Agreement

SOCAR President Rovshan Najaf met with Anant Maheshwari, President and CEO of Global Regions and President of Strategy at Honeywell Technologies. According to SOCAR, cited by Report , the sides expressed satisfaction with the consistent development of cooperation between the companies and discussed opportunities to ex…

Tahir Taghizada: Azerbaijan strengthens its role as connectivity hub between Europe and Asia

Azerbaijan considers ensuring lasting peace, stability and cooperation in the region one of the key priorities of its post-war policy, Azerbaijani Ambassador to Serbia Tahir Taghizada said at an official reception in Belgrade marking November 8 - Victory Day. According to Report 's Balkan bureau, he said victory in th…

UN outlines indicators of progress on Caspian agreements (Exclusive)

Azerbaijan and Bulgaria hold sixth round of political consultations between foreign ministries

Azerbaijan and Bulgaria have discussed the development of their strategic partnership, including cooperation in the energy sector, the establishment of green energy corridors, transport and logistics links, trade and investment. Azerbaijan's Ministry of Foreign Affairs told Report that the talks were held in Sofia dur…

Bloomberg: US and Iran near breakthrough in talks to end conflict

The United States and Iran are approaching a possible breakthrough in negotiations aimed at fully ending the conflict. According to Bloomberg, cited by Report , Iran is reviewing proposals concerning its nuclear activities submitted by Qatar, the main mediator. Potential concessions on this issue could mark a signific…

Milli Majlis committee endorses bill on Absheron offshore block

A relevant committee of the Milli Majlis has recommended that a bill approving the revised agreement on the Absheron offshore block be submitted to a plenary session. According to Report , the document was discussed today at a meeting of the parliamentary Committee on International Relations and Interparliamentary Tie…

Azerbaijan's construction sector loan portfolio jumps 82% in nine months

Hazar Logistik, Gebrüder Weiss discuss cargo transit via Turkmenbashi port

Duncan Norman: London aims to deepen co-op with Azerbaijan's Nakhchivan Autonomous Republic

British Ambassador to Azerbaijan Duncan Norman has shared a video following his first visit to the Nakhchivan Autonomous Republic of Azerbaijan, Report informs. "Nakhchivan plays a truly important role in the region. It has real potential as a transport and logistics hub, including within the Middle Corridor, as well …

Azerbaijan and UN discuss expanding cooperation on sustainable development

Azerbaijani Foreign Minister Jeyhun Bayramov discussed cooperation between Azerbaijan and the United Nations with visiting UN Under-Secretary-General for Economic and Social Affairs Li Junhua on November 6, the Foreign Ministry told Report . The two discussed ways to expand cooperation, Azerbaijan's contributions to m…

Calmer waters for container spot rates, but ‘fragile’ Middle East a threat

There was a certain sense of calm about the container spot freight rate market this week, with slight declines on both the transpacific and Asia-Europe trades as capacity constraints eased and demand remained seasonally subdued. Drewry’s World Container Index (WCI) recorded a 2% week-on-week drop on its Shanghai-Rotte…

Freighter capacity divides air cargo fortunes as rates climb

Access – or not – to freighter capacity is helping shape air cargo’s fortunes. IAG Cargo, which shed its freighter operations more than a decade ago, lost traffic following cancelled services, while asset-heavy DHL reported double-digit volume growth. But rising rates do not necessarily signal a late peak-season surge…

NYK – the argument now is over what a normal year looks like

NYK has raised its dividend to ¥330 a share on a year swollen by the closure of the Strait of Hormuz and strong container rates, but its own guidance has second-half profit falling by more than 40%. Morgan Stanley values the company on a normal year worth less than half of this one and sees a risk the dividend is cut …

Iranian, UAE FMs discuss regional situation

Iranian Foreign Minister Abbas Araghchi and UAE Deputy Prime Minister and Foreign Minister Abdullah bin Zayed Al Nahyan have discussed the situation in the region by phone, Report informs, citing the UAE Foreign Ministry. During the conversation, the two sides reviewed the latest regional developments. Abdullah bin Za…

President Ilham Aliyev and First Lady Mehriban Aliyeva attend opening of non-alcoholic beverage production facility in Jabrayil district - Update

On November 6, President of the Republic of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva attended the opening of a non-alcoholic beverage production facility operated by Sunbeverage LLC in the Jabrayil district, Report informs. Tahir Gozel, Chairman of the Supervisory Board of Azersun Holding, briefed the h…

‘Carrier selection matters’ when it comes to getting your goods on time

The Asia-North America tradelane is facing the highest ocean freight disruption risk over the coming weeks. Reduced carrier capacity and growing difficulty securing bookings threaten shipment reliability, according to WiseTech Global. The company’s November Ocean Freight Risk Outlook, released today covering weeks 45-…

Forget about Mærsk as the integrator of container logistics

Today we soft launch our “Top Analyst Question(s) Award” drawing from yesterday’s Q3 26 (YAWWWNNNN) earnings call with Mærsk, when CEO Vincent Clerc tried to explain why all units are firing on all cylinders, almost a decade after the carrier’s reorg was disclosed (our exclusive from Oct 2018 is here), aiming for deep…

Cargo crime in North America down in Q3, but losses are mounting

Organised criminal networks are increasingly exploiting identity fraud, carrier impersonation and weaknesses in freight verification, driving cargo theft losses across Canada and the US up 39% year on year, despite a sharp decline in reported incidents Verisk CargoNet recorded 2,072 of reported supply chain crime inci…

Hong Kong reviews river fees as mainland ports lure cargo away

Hong Kong is reviewing permit fees charged to river trade vessels as it seeks to maintain its port’s competitiveness amid growing competition from mainland Chinese terminals in Guangzhou and Shenzhen. The secretary for transport and logistics, Chan Mei-po, announced the review in a written reply to the Legislative Cou…

Trump, Emir of Qatar mull Middle East de-escalation

The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, and US President Donald Trump discussed diplomatic efforts to reduce tensions in the Middle East during a telephone conversation, the statement from the Qatari Emir's office said, Report informs. The parties also reviewed strategic relations between the two countries…