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Tragic Missile Attack on Marshall Islands-Flagged Tanker in Gulf of Basra
The oil products tanker VELOS SAPPHIRE, flying the flag of the Marshall Islands and sailing off the coast of Qatar, faced a severe explosion and fire after being hit by two munitions. One sailor lost their life on the vessel, which is operated by the Greek company Velos Tankers, while the crew managed to extinguish th…
IMO Council Extends Secretary-General Dominguez's Term Amid Controversy
The International Maritime Organization (IMO) Council has decided to extend Secretary-General Arsenio Dominguez's term for another four years. However, the voting in the 40-member Council revealed divisions within the organization, with six countries opposing and ten abstaining. The decision must be approved by the IM…
19 Dual-Fuel Bulk Carriers Ordered to Propel Ethanol Adoption in Shipping
As the transition to alternative fuels accelerates in the global shipping sector, 19 dual-fuel bulk carriers capable of using ethanol have entered the newbuilding order book. Investments led by Brazilian mining giant Vale are opening the door to a new era in dry bulk transportation. Efforts to reduce carbon emissions …
Armenia and Kazakhstan Explore New Logistics Routes to Boost Trade
Armenia and Kazakhstan have discussed expanding transport and logistics routes, strengthening trade ties and exploring new opportunities for cooperation, including the development of the Middle Corridor.
Bulk Carrier BYB OTHELLO Runs Aground in Istanbul Strait Amid Storm
While en route from Kocaeli to Ukraine's Izmail Port, the bulk carrier BYB OTHELLO, flagged under Saint Kitts and Nevis, experienced a machinery failure and ran aground at the Black Sea exit of the Istanbul Strait. Due to severe weather conditions, a maritime intervention was not possible, and the 13 crew members on b…
Affinity Tanker Weekly, 6 November 2026
VLCCs have softened throughout the week as limited enquiry and increasingly competitive Suezmax alternatives have tempered owners’ Source: Affinity Research LLP
KazMunayGas, Transneft Seek to Expand Oil Transit Cooperation
Chief Executive Officer of Kazakhstan's national oil and gas company KazMunayGas (KMG), Askhat Khasenov, met with Nikolay Tokarev, President of Russian oil pipeline operator Transneft, in Moscow to discuss cooperation in oil transportation and transit, the KMG press service said.
Azerbaijan, UN Discuss Middle Corridor, Regional Connectivity
Azerbaijan’s Foreign Minister Jeyhun Bayramov met with UN Under-Secretary-General for Economic and Social Affairs Li Junhua in Baku on November 6.
Russian LNG Exports to China Surge More Than Twofold
Russian liquefied natural gas (LNG) exports to China have more than doubled since 2021, rising from 4.5 million to 9.8 million metric tons, according to an analytical report by the PORA Expert Center, The Caspian Post reports, citing TASS.
Selçuk Esenyel Inspires TEDx Audience with Insights on Courage and Responsibility
Selçuk Esenyel discussed courage and responsibility on the TEDx stage. Attorney Selçuk Esenyel, who narrated the negotiations for the rescue of 10 Turkish sailors kidnapped from the Paksoy-1 vessel, opened a discussion on the meaning of courage, responsibility, and the use of power on the TEDx stage. At the center of …
Ukraine Proposes New Logistics Route Linking Azerbaijan to Europe
Strong transport links between the Black Sea and the Caspian Sea could create new opportunities for trade and energy supplies, with Ukraine proposing the development of logistics routes connecting Azerbaijan to European markets.
Russia and Iran Sign New Deal to Advance 162-Km Railway Project
Russia and Iran have signed key documents granting access to land plots along the planned route of the Rasht-Astara railway line, paving the way for further engineering work on the strategic transport project.
Russian Railways Offers 40.4% Discount on Exports Through Azerbaijan
Russian Railways (RZD) has introduced a 40.4% discount on export rail shipments of selected timber industry products through border crossings with Azerbaijan, Belarus and Kazakhstan.
Turkish-Operated Bulk Carrier ERA S Struck by Munitions in Strait of Hormuz
The bulk carrier named ERA S, operated by Istanbul-based Transatlantic Shipping and flying the Panama flag, became the target of unidentified munitions while transiting the Strait of Hormuz. A hole was reported on the starboard side of the vessel, while the crew was reported to be safe and the ship continued its voyag…
Iran Calls on IMO to Address Seafarers' Safety Amid U.S. Sanctions
Iran has accused the International Maritime Organization (IMO) of bias regarding the safety of seafarers. During the IMO Council meeting held in London, the Tehran administration argued that the maritime blockade imposed by the United States on Iranian ports and the plight of Iranian seafarers stranded off the coast o…
Turkey Elevates Security Level for Ships at Yanbu Port Amid Concerns
Following recent developments in Saudi Arabia, the Ministry of Transport and Infrastructure has raised the ISPS Code security level to the highest level, Level 3, for Turkish-flagged vessels that will call at Yanbu Port and navigate in the port's waters. The decision came into effect on November 4, 2026. In light of t…
Seven Shadow Fleet Tankers Spoof AIS to Hide Novorossiysk Voyages
Sanctioned Tankers Fake Their Positions Near the Bosphorus A cluster of seven sanctioned Russian tankers were found to have routinely and deliberately manipulated AIS over the past 90 days to falsely claim they were drifting off the Black Sea close to the Bosphorus entrance. The tankers were instead identified by Wind…
PortXchange Enhances EmissionInsider to Transform Port Emissions Management
PortXchange expands EmissionInsider with new multimodal monitoring, emissions forecasting, and scenario modeling features to help ports make better operational and investment decisions. Ports have spent years improving how they calculate and report emissions. However, knowing how much a port emitted last year does lit…
ONE Ends Slot Charter with Maersk on Qilin Service; AUX Brand Exits China-Australia Route
Ocean Network Express has ceased its slot charter arrangement on Maersk's Qilin service, according to a report by Container News citing DynaLiners. As relayed by Wedoany, ONE joined the China-Australia trade lane in July of this year on a slot charter basis, remaining on the service for approximately four months befor…
Asia-Europe and Trans-Pacific Shipping Rates: Current Trends and Challenges
November 1 marked a significant date for synchronized rate increases across Asia-Europe and trans-Pacific trades, but results fell short of expectations. Rates on the Europe trade barely moved, while trans-Pacific softening began earlier, highlighting varying conditions across trade lanes. The gap between announced an…
Major Shipping Alliances Reestablish Suez Canal Operations Amid Recovery
The reopening of the Red Sea has reached a critical milestone, with all four major shipping alliances - Gemini, Ocean Alliance, Premier Alliance, and MSC - resuming operations via the Suez Canal. Premier Alliance, previously cautious, has now confirmed its return with vessel-specific schedules, completing the transiti…
Maersk Resumes ME1 Service via Suez Canal, Enhancing Red Sea Connectivity
On 2 November, Maersk announced that it and Hapag-Lloyd had implemented a structural adjustment to the ME1 service under the Gemini Cooperation network, redirecting the route from the Cape of Good Hope back through the Suez Canal. The ME1 service connects India and Europe, and following the adjustment, its port rotati…
Maersk Implements Temporary Booking Restrictions at Key Middle East Ports
Maersk has announced temporary adjustments to booking acceptance and cargo routing at selected Middle East ports, citing sustained disruption in the vicinity of the Strait of Hormuz compounded by regional port congestion. The affected locations include Khor Fakkan and Fujairah on the UAE's east coast, as well as certa…
Japan Implements Anti-Dumping Duties on Chinese and Taiwanese Steel Products
Japan has officially announced anti-dumping duties on nickel-based stainless steel cold-rolled strip and plate from mainland China and the Taiwan region. Effective October 31, 2026, these duties range from 27.7% to 42.1% for Chinese products and 3.6% to 20.1% for Taiwanese products. This decision follows Japan's multi…
CMA CGM Implements $35 per TEU War Risk Surcharge for Black Sea Shipments
CMA CGM will apply a $35 per TEU (twenty-foot equivalent unit) war risk surcharge to container shipments to and from Black Sea countries starting November 9, 2026. The surcharge covers all cargo categories. The company attributes the decision to deteriorating security conditions in the region and the rising cost of ma…
Port Houston Initiates Independent Study for Houston Ship Channel Deepening
Port Houston will conduct its own study of portions of a potential Project 12 to deepen the Houston Ship Channel. The port is also continuing to assess a container terminal expansion north of Barbours Cut as it plans for container capacity needs over the next decade. The move adds a port-led track to channel planning …
Turkish, Iranian FMs Discuss Tehran-Washington Negotiations
Turkish Foreign Minister Hakan Fidan held a telephone conversation with his Iranian counterpart, Abbas Araghchi, Turkish diplomatic sources said on Thursday, The Caspian Post reports, citing Anadolu Agency.