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Kyrgyzstan, Georgia Seek Closer Ties in Transport and Tourism
Kyrgyzstan and Georgia are looking to expand cooperation in transport, logistics and tourism following talks between their leaders in Bishkek.
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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…
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Iran exempts ships of four countries from Strait of Hormuz transit restrictions
Iran has exempted vessels belonging to India, China, Iraq and Qatar from transit restrictions imposed in the Strait of Hormuz.
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From the Caspian to Europe: How Baku and Astana Can Build a Stronger Eurasian Partnership
Kazakhstan and Azerbaijan are no longer simply two countries linked by the Caspian Sea. They are increasingly shaping a shared vision of Eurasian connectivity - one that encompasses transport, energy, digital infrastructure, investment and regional diplomacy.
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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 …
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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…
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Azeri Light oil price falls by 2.62% at Italy's Augusta Port
The price of Azerbaijan's Azeri Light crude oil has declined by $3.05, or 2.62%, compared with the previous indicator, reaching $113.45 per barrel on a CIF basis at Italy's Augusta port.
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Kremlin Reveals Details of Preparations for Putin-Trump-Xi Meeting
An exchange of signals confirming readiness to hold a trilateral meeting between Russian President Vladimir Putin, US President Donald Trump, and Chinese President Xi Jinping on the sidelines of the APEC summit in Shenzhen is underway, Kremlin spokesman Dmitry Peskov said, The Caspian Post reports, citing Vesti.
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SOCAR, KazMunayGas Discuss Expanding Kazakh Oil Transit Through Azerbaijan
The State Oil Company of the Azerbaijan Republic (SOCAR) and Kazakhstan's national oil and gas company KazMunayGas have discussed expanding cooperation on transporting Kazakh oil through Azerbaijan.
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Azerbaijan-Greece trade rises to $715.7 million, up more than 50% since 2024
Trade turnover between Azerbaijan and Greece exceeded $715.7 million in January–September 2026, marking an 8.7% increase compared with the corresponding period of 2025, according to the State Customs Committee.
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Iran Claims Destruction of Two US Drones in Hormozgan - VIDEO
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed that it destroyed two US-made Lucas drones near the port of Bandar Khamir in Hormozgan Province.
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Kazakhstan Busts International Drug Trafficking Network in Caspian Sea
Kazakhstan's National Security Committee has dismantled an international drug trafficking network operating in the Caspian Sea, detaining five people and seizing nearly 109 kilograms of narcotics.
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Azerbaijan's electric vehicle imports plunge 56% in first nine months of 2026
Azerbaijan imported 680 electric vehicles between January and September 2026, marking a 56.4% decline compared with the corresponding period of 2025. According to data released by the State Customs Committee, the total value of electric vehicle imports fell by...
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Azerbaijan bets on Caspian winds to build its next energy export industry
For much of its modern history, Azerbaijan's economic and political influence has been closely tied to oil and gas. The country built its reputation as an energy producer long before the current debate about energy diversification and the green transition became a global priority. Its pipelines connected the Caspian b…
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Ernst Russ offloads another feeder in fleet reshuffle
German shipowner Ernst Russ has sold another feeder containership, continuing to trim its older boxship exposure while building up its tanker and multipurpose fleet. The Frankfurt-listed company has confirmed the sale of the 2007-built, 803 teu Mirror, without disclosing the buyer and price. The vessel is expected to …
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Contships locks in fresh CMA CGM and ONE feeder deals
Greek feeder containership owner Contships Logistics has secured two new charter deals with CMA CGM and Ocean Network Express (ONE), adding contracted employment as it prepares for an extensive fleet renewal programme. The Nikolas Pateras-led company disclosed in its third-quarter earnings report that the Contship Sky…
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The Caspian No Longer Divides: How Kazakhstan and Azerbaijan Are Building a New Eurasian Axis
From oil transit and the Middle Corridor to a trans-Caspian internet link and green energy, cooperation between Baku and Astana is becoming increasingly practical. Both countries have ambitious plans, but their success will depend on overcoming logistical, financial and trade challenges.
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October deluge brings Panama Canal lake levels back towards normal
A surprisingly wet October has brought much-needed relief to the Panama Canal, with Gatun Lake recovering to near its historical average despite warnings that a powerful El Niño could trigger another prolonged drought. New research from Ursa Shipbrokers, drawing on Panama Canal Authority data, shows Gatun Lake average…
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Kazakhstan, Azerbaijan discuss expansion of Middle Corridor
Kazakhstan’s Transport Minister Nurlan Sauranbayev, Azerbaijan’s Ambassador to Kazakhstan Alimirzamin Asgarov, and AZCON Holding representative Shahin Babayev have discussed prospects for bilateral cooperation at a meeting in Astana.
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Azeri Light oil price falls 7.66% per barrel
The price of Azerbaijan's Azeri Light crude oil fell by $9.66, or 7.66%, to $116.50 per barrel on a CIF basis at Italy's Augusta port.
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The Middle Corridor’s Future Depends on More Than Railways: Azerbaijan’s Strategic Role in Eurasian Trade
The Middle Corridor is becoming an increasingly important connection between China and Europe, and Azerbaijan occupies a central position in its development. The country is a key hub in the Caspian segment of the route: the Port of Baku and the Baku-Tbilisi-Kars railway connect Central Asia with Türkiye and European m…
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Cargo ship hit in Strait of Hormuz, one person killed
An Indian cargo vessel carrying 14 crew members has come under an aerial attack off the coast of Oman, leaving one sailor dead.
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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).
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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.
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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-…
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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 …
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Azerbaijan, Kazakhstan sign agreements on Caspian ferry system and new Baku cargo terminal
Azerbaijan and Kazakhstan have signed two agreements aimed at expanding transport and logistics cooperation, including the development of a new intermodal cargo terminal at the Port of Baku and the establishment of a next-generation ferry system across the Caspian Sea.
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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…
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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.
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Azerbaijan, Kazakhstan plan joint intermodal cargo terminal
Kazakhstan and Azerbaijan are planning to establish a joint intermodal cargo terminal and a new Trans-Caspian ferry system called the "Caspian Bridge."