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Shah Deniz gas output and tax revenues set to decline in 2027

Natural gas and condensate production at Azerbaijan's Shah Deniz field in the Caspian Sea is expected to decline in 2027, accompanied by a reduction in profit tax revenues from the project, according to the country's draft state budget package for next year.

Azernews Средний коридор
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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…

SeaNews Turkey Порты и суда
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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…

SeaNews Turkey Порты и суда
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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 …

SeaNews Turkey Порты и суда
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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…

SeaNews Turkey Средний коридор
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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 …

SeaNews Turkey Порты и суда
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Opinion: Kazakhstan’s Mineral Ambitions Depend on Water

At the Shalkiya lead-zinc mine in Kyzylorda Region, engineers have designed a processing plant that could handle four million metric tons of ore a year. To keep it running, a pumping station would send up to 2,400 cubic meters of water back through the plant every hour. Even with that water going round again, the plan…

Times of Central Asia Железные дороги
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Uzbekistan Offers to Host Regional UN Counterterrorism Office at Astana Summit

Central Asian leaders and Jordan’s King Abdullah II met on November 6 to discuss how terrorist groups could use artificial intelligence to recruit members, coordinate their activities, and spread propaganda. At the Aqaba Process summit, Uzbek President Shavkat Mirziyoyev offered to host a Central Asian office of the U…

Times of Central Asia Средний коридор
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Kazakhstan’s Sunflower Pellet Exports More Than Triple

Kazakhstan’s exports of sunflower husk pellets reached 63,200 metric tons in the first nine months of 2026, 3.56 times the volume shipped a year earlier. The pellets are made by compressing discarded sunflower seed shells for use as fuel. Export revenue increased by 515% to $3.4 million, according to export figures fr…

Times of Central Asia Железные дороги
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Kairat Almaty Hold Atalanta to Draw as Kazakh Club’s European Rise Continues

Kairat Almaty secured one of their most impressive European results on November 5, holding Italian side Atalanta to a 1-1 draw in Bergamo in the UEFA Conference League. The Kazakh visitors came close to a famous victory after taking the lead early in the second half. Atalanta, winners of the Europa League in 2024, nee…

Times of Central Asia Железные дороги
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Turkish Official Questions Tokayev’s Proposal for OTS Observer Status for Russia

Kürşad Zorlu, a senior official in Türkiye’s ruling Justice and Development Party, has questioned Russia’s eligibility for observer status in the Organization of Turkic States (OTS), citing its language requirements. At the OTS summit in Ankara on October 30, Kazakh President Kassym-Jomart Tokayev proposed inviting Ru…

Times of Central Asia Средний коридор
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Middle Corridor: $55 Billion in Investment Needed to Turn a Transit Route into an Economic Corridor

Developing the Middle Corridor, a transport route connecting China and Europe through Central Asia, the Caspian Sea, and the South Caucasus, will require at least $25 billion in infrastructure upgrades by 2040. The World Bank estimates that another $30.5 billion will be needed for complementary investments in logistic…

Times of Central Asia Средний коридор
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DenAr takes on Turkey’s first offshore wind seabed survey campaign

Turkish marine survey specialist DenAr Ocean Engineering Services has been selected by the country’s Ministry of Energy and Natural Resources to carry out geophysical and geotechnical seabed investigations for Turkey’s first offshore wind development programme. The NCS-01 project covers two areas in the Sea of Marmara…

Splash247 Maritime Торговля
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Women Queue for Kazakhstan’s Umai Mortgages Amid Questions Over Affordability

Women gathered outside a branch of Kazakhstan’s Otbasy Bank in Almaty’s Zhetysu neighborhood early on November 3, hoping to secure mortgages under a program designed to help women buy homes. Some banks drew up waiting lists, which security guards used to control entry, while others argued as the crowd pressed toward t…

Times of Central Asia Средний коридор
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Kazakhstan Inflation Expected to Ease in 2027 Despite Higher Spending

The National Bank of Kazakhstan expects inflation to slow in 2027, but less sharply than previously forecast. In September, it raised its forecast to 6.5%–8.5%, up from 5.5%–7.5%, amid concerns about government spending and other pressures. Akylzhan Baimagambetov, the bank’s deputy governor, said on November 5 that th…

Times of Central Asia Железные дороги
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Türkiye suspends Turkmen gas imports through Iran as US sanctions complicate energy plans

Türkiye has suspended natural gas imports from Turkmenistan through Iran amid pressure linked to US sanctions, Energy and Natural Resources Minister Alparslan Bayraktar has revealed, raising fresh questions about Ankara's ambitions to become a major transit hub for Central Asian gas supplies to Europe.

Azernews Санкции и риски
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Uzbekistan Plans to Double Uranium Production by 2030

Uzbekistan plans to double its annual uranium production to 15,000 metric tons by 2030, up from a projected 7,500 this year, as demand for nuclear fuel grows. Tashkent also wants to expand critical mineral processing to produce more finished goods for export. The development plans , published by the president’s office…

Times of Central Asia Средний коридор
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Venergy doubles VLCC order at Hengli

Greek shipowner Vyron Vasileiadis has firmed up another two VLCCs at China’s Hengli Heavy Industries, doubling Venergy Maritime’s debut supertanker order to four vessels. The Piraeus-based company exercised the options attached to its October contract for two firm 306,000 dwt crude carriers, with all four vessels sche…

Splash247 Maritime Средний коридор
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Capital Tankers scores up to $82m suezmax fixture

Evangelos Marinakis-backed Capital Tankers has secured a 15-month charter for one of its modern suezmaxes in a deal expected to generate between $73.1m and $82.2m in revenue. The Oslo-listed tanker owner said on Friday that its 155,348 dwt Amor has been fixed to an unnamed global energy company, with employment starti…

Splash247 Maritime Порты и суда
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Kyiv facility, Odessa port targeted in Russian strikes

The Russian Ministry of Defense announced that the Russian Armed Forces carried out overnight drone attacks targeting energy facilities and naval vessels in regions including Kyiv and Odessa.

Azernews Порты и суда
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Azerbaijan-Switzerland trade surpasses $605 million, up 84% since 2024

Trade turnover between Azerbaijan and Switzerland exceeded $605.9 million in January–September 2026, marking a 22.6% increase compared with the corresponding period of last year. According to the State Customs Committee, Switzerland accounted for...

Azernews Торговля
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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…

SeaNews Turkey Порты и суда
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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…

SeaNews Turkey Порты и суда
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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…

SeaNews Turkey Порты и суда
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Azeri Light oil prices rise in Augusta and Ceyhan

The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $0.03, or 0.03%, compared with the previous figure, reaching $106.84 per barrel.

Azernews Порты и суда
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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…

SeaNews Turkey Средний коридор