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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...
Coast Guard Looks to Commercial Icebreakers to Keep Northeast Ports Open This Winter
The U.S. Coast Guard is exploring the use of commercial icebreaking vessels to help keep Northeast ports and waterways open this winter, as the service prepares for another season of...
Transpacific emerges as liner shipping’s golden trade
The transpacific has become the most lucrative major container shipping trade in the world, with carriers generating five times more spot revenue per nautical mile on the Shanghai–Los Angeles route than on shipments to North Europe via the Cape of Good Hope. New analysis from Alphaliner shows that the extraordinary st…
Vance Blames His Own Administration’s Iran War for Republican Defeat
Vice President JD Vance on Wednesday blamed Republicans’ midterm election losses on the Trump administration’s eight-month war with Iran, which has driven up global energy prices and left commercial shipping...
Azerbaijani cookbook published in Bosnian
A book showcasing Azerbaijan's culinary traditions, national dishes and hospitality has been published in Bosnian in Bosnia and Herzegovina, Report 's Balkan bureau informs. Titled "Azerbejdžansko gostoprimstvo kroz kulinarske recepte – U gostima kod Natavan" ("Azerbaijani Hospitality Through Recipes - Visiting Natava…
Estonia seeks broader cooperation with Azerbaijan in energy and digitalization
Estonia is interested in expanding cooperation with Azerbaijan in energy, education, digitalization and other areas, Estonian Foreign Minister Margus Tsahkna said. Report informs that Tsahkna was speaking at the fourth meeting of the Intergovernmental Commission on Cooperation between the two countries in Tallinn. He …
ACG oil output forecast at 316,400 barrels per day in 2027
Daily crude oil production from the Azeri–Chirag–Gunashli (ACG) block in Azerbaijan's sector of the Caspian Sea is forecast at 316,400 barrels in 2027, Report informs, citing the 2027 budget package. The figure is 1,700 barrels, or 0.5%, below this year's forecast. During the first three quarters of this year, ACG pro…
Estonian foreign minister to visit Azerbaijan in late November
Estonian Foreign Minister Margus Tsahkna will visit Azerbaijan in late November to attend the official opening ceremony of the country's new embassy in Baku, according to Report . "The strengthening of our partnership is also reflected in Estonia's new embassy in Baku, which I have the honor of officially opening at t…
Baku, Tallinn mull co-op prospects in transport, AI, trade
Azerbaijan and Estonia have discussed possibilities for expanding cooperation in the fields of transport, logistics, trade, digital development, and innovations, Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev wrote on X, Report informs. The discussions took place during the 4th meeting of t…
Azerbaijan Railways' digital modernization spending tops $6M by late 2025
Expenditures on the digital modernization project of Azerbaijan Railways (ADY) CJSC, implemented with the financial support of the Asian Development Bank (ADB), reached $6.163 million by the end of 2025, Report informs citing the ADB. Under the loan agreement, $5.222 million was utilized, with direct financing across …
Kazakhstan ready to supply Israel with up to 500,000 tonnes of wheat via Azerbaijan and Georgia
Kazakhstan's Food Contract Corporation has proposed supplying food-grade wheat to the Israeli market via Azerbaijan and Georgia. According to Report , citing Kazakhstan's Ministry of Agriculture, the issue was discussed at the 10th meeting of the Kazakhstan-Israel Intergovernmental Commission on Trade and Economic Coo…
Customs to shift focus from revenue to protection as Azerbaijan's economy grows
As Azerbaijan's economic development grows, the fiscal role of customs authorities in generating state budget revenues is expected to gradually decrease, Head of the State Customs Committee (SCC) Shahin Baghirov said at a meeting of the Milli Majlis Committee on Economic Policy, Industries, and Enterprising during the…
India Sees Some Trade Relief, New Risks After Democrat Sweep
Indian officials were cautious on the US midterm election results, saying it eases some of the pressure over trade tensions but creates a new layer of uncertainty in an already fragile relationship.
Uzbekistan's Central Bank studies Azerbaijan's experience in portfolio management
A delegation from the Central Bank of Uzbekistan has paid a working visit to Baku to exchange experience with the Central Bank of Azerbaijan. According to Report , citing the Central Bank of Azerbaijan, the visit featured presentations on approaches and management practices developed in the areas of strategic manageme…
Idan Ofer turns to Japan for boxship quartet
Idan Ofer’s Eastern Pacific Shipping (EPS) has been linked to an order for four midsize containerships at Japan’s Imabari Shipbuilding, marking a rare Japanese addition to its extensive newbuilding programme. Shipbuilding sources have identified the Singapore-based owner as the buyer of the quartet, which would take i…
Cameroon’s Gulfcam taps new chief to drive Camship expansion
Cameroon’s Gulfcam is pursuing plans to acquire six vessels to expand its coastal container shipping operations between Kribi and Douala, with a former Camship executive taking charge of the business. Bernard André Ndengue took over as chief executive on November 1, replacing Albert Roger Boum, who stepped down last m…
Documentary 'Crude & Ink: Stories Written in Oil' premieres in Baku
The documentary "Crude & Ink: Stories Written in Oil", jointly produced by SOCAR and AnewZ television channel, was premiered at the Nizami Cinema Center, Report informs referring to SOCAR. The event was attended by Leyla Aliyeva, Vice President of the Heydar Aliyev Foundation, government officials, members of the dipl…
China’s property starts plunge to 2002 levels
China’s property construction collapse has taken new building starts back to levels last seen in 2002, raising fresh questions about the long-term outlook for iron ore and coking coal demand, even as dry bulk owners become increasingly bullish about freight markets. Research published today by Ursa Shipbrokers reveals…
BP announces Azerbaijan's ACG oil production figures for 2026
In the first three quarters of 2026, total production from the Azeri-Chirag-Deepwater Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea was on average about 320,000 barrels per day (b/d), or about 87 million barrels or 12 million tonnes in total. Report informs that, according to the business…
Sahil Babayev: Azerbaijan aims to keep public debt-to-GDP ratio stable
Azerbaijan aims to keep its public debt-to-GDP ratio stable over the next four years, Finance Minister Sahil Babayev said at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, where the 2027 state budget package was discussed. He said the public debt-to-GDP ratio is expected to …
Deputy Minister: Central Asia among priority destinations for Azerbaijan
The Central Asian region is one of Azerbaijan's priority destinations for partnership, according to Azerbaijani Deputy Minister Samad Bashirli, Report informs, citing the Ministry of Economy. Speaking at the Second Tianshan Forum on Expanding Sustainable Connectivity and Quality Investments in Central Asia, organized …
Samudera taps Yangzijiang yards for boxship duo
Singapore-listed Samudera Shipping Line has ordered two containerships in China, adding 6,000 teu of capacity to its newbuilding pipeline. The Indonesian-controlled carrier disclosed in a filing that it had signed shipbuilding contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding, both …
ADB to increase share of cross-border initiatives to 30% by 2030
The Asian Development Bank (ADB) has presented an updated approach to regional cooperation and integration, setting the task to increase the share of operations aimed at supporting cross-border initiatives to 30% by 2030, Report informs citing the ADB. "Intensifying trade barriers and geopolitical tensions are putting…
UEFA Champions League: Round 4 continues with nine games
The remaining matches of round 4 in the UEFA Champions League (UCL) league phase will be played today. According to Report , nine more matches are scheduled to take place during the day. As part of the round, Azerbaijan"s Sabah will play away against Viking in Norway. Türkiye's Fenerbahce will host Liverpool. At the s…
TS Lines adds $246m boxship brace in China
Taiwanese liner operator TS Lines has returned to Shanghai Waigaoqiao Shipbuilding (SWS) for another pair of containerships in a deal worth $246m. The Hong Kong-listed carrier has contracted two 11,000 teu vessels at the CSSC-controlled yard, together with China Shipbuilding Trading, paying $123m apiece. The ships are…
Belgrade-Moscow flight returns to airport due to security concerns
A passenger aircraft flying from Serbia's capital, Belgrade, to Moscow, the capital of Russia, was forced to turn back due to security concerns and landed at Nikola Tesla Airport. According to Report 's Balkan bureau, the Nova.rs portal announced the incident. The JU134 flight took off from Belgrade at 18:48 local tim…
UEFA Champions League: Nine matches played on Round 4 opening day
The opening day of the fourth round of the UEFA Champions League (UCL) league phase took place on November 3. According to Report , nine matches were played on the opening day of the round. As part of the round, Turkish club Galatasaray defeated Stuttgart 2-0 at home, Barcelona beat Aston Villa in Spain, while Villarr…
U.S. Coast Guard Detains MSC Cruise Ship in Miami
The U.S. Coast Guard has detained the cruise ship MSC Poesia at PortMiami, forcing MSC Cruises to cancel an 11-night Caribbean voyage after the vessel remained in port for two...