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UAE prepares for worst-case scenario amid Iran-US tensions
The United Arab Emirates (UAE) hopes that the crisis between Iran and the United States can be resolved peacefully, but is also prepared for a possible escalation.
Qatari LNG tanker comes under attack in Persian Gulf
The Al Mayeda liquefied natural gas (LNG) tanker, owned by Qatar's Nakilat shipping company, came under attack in the Persian Gulf on the evening of October 30.
Farid Rasulov's Long Live, Caspian exhibition opens at Baku's OTAQ gallery
A solo exhibition by Azerbaijani artist Farid Rasulov, titled Long Live, Caspian! (Yaşa, Xəzər!), has opened at the OTAQ gallery in Baku's Icherisheher, exploring the ecological challenges facing the Caspian Sea through contemporary art.
Zelensky arrives in Istanbul for Erdogan talks
Ukrainian President Volodymyr Zelensky said he arrived in Istanbul with his team ahead of talks with Turkish President Recep Tayyip Erdogan, with Black Sea shipping among the issues on the agenda.
Azerbaijan, Kazakhstan seek to expand cooperation in logistics and AI
Azerbaijan and Kazakhstan are exploring new opportunities to strengthen economic cooperation in logistics, information technology, advanced technologies and artificial intelligence.
Suezmax Tanker sales surge 35% amid high VLCC demand
A strong VLCC market this year is boosting Suezmax Tanker demand. Suezmax sales activity has picked up considerably in recent months, with sales so far this year up 35%, reaching 124 sales compared to 92 sales over the same period last year. Buyers have continued to transact even as values have climbed, pointing to st…
Все автобусы предлагается освободить от утильсбора до конца 2027 года
Планируется открывать велошеринги рядом с крупными остановками и создать отдельные коридоры на заправках для автобусов.
Oil prices continue climbing amid escalating Middle East tensions
Oil prices on global markets are heading for a fourth consecutive monthly gain amid attacks in Saudi Arabia and rising tensions around the Strait of Hormuz. According to the information, forecasts suggest that Brent crude will end the month up approximately...
Dry Bulk Shipping: Escalating attacks on ships heighten uncertainty
“Geopolitical disruptions continue to cloud the dry bulk market outlook. The effective closure of the Strait of Hormuz remains the largest source of uncertainty, while attacks on ships and port infrastructure in the Black Sea have added another layer of risk,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. T…
Spanish MEP: Rail crash not linked to underinvestment
Domenec Ruiz, a Member of the European Parliament for Spain and member of the ruling Spanish Socialist Workers' Party (PSOE), said on Thursday that the recent train disaster in Toledo was "not necessarily connected to a general lack of investment" in the country's railway network.
Kroger accelerates direct sourcing efforts for better cost control, visibility
The grocery chain seeks to boost first-party procurement volumes to more than 10% while working toward a fully owned import and distribution model.
Protests in Europe expose growing generational divide
With the arrival of autumn, Europe has sunk into a wave of protests that still hasn't let up. Hundreds of thousands of people have taken to the streets, and not in a single country but in a good dozen of them at once. France, Italy, Belgium, Portugal, Greece, Albania, and Germany is next in line. Yet behind all of the…
FedEx drawing parcel-focused shippers to its air freight services
Air freight demand from traditionally parcel-centric customers is rising as the carrier pushes for more business in high-value segments like AI and data centers.
В Ташкенте планируется запустить транспортный коридор между вокзалами, аэропортом и автовокзалом
Также предлагается продлить до Самарканда маршрут скоростного поезда Ташкент-Андижан.
OPI, Nioxin owner appoints chief supply chain officer
Javier Huerta will oversee The Wella Company’s sourcing, manufacturing and logistics capabilities, effective Dec. 1
Pakistan-Afghanistan border clashes leave dead and injured on both sides
The situation along the Pakistan-Afghanistan border has escalated again following fresh clashes between the two countries' military forces, resulting in casualties on both sides.
Trump opts for trade talks over tariffs for robotics, industrial machinery
For the second time this month, the president directed cabinet officials to negotiate over imports deemed a threat to U.S. commerce and security by a Section 232 probe.
Azeri Light crude oil prices increase at Augusta and Ceyhan ports
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port increased by $2.93, or 2.39%, from the previous figure to $125.42 per barrel.
Coty pursues less air freight, more ocean and rail transport
The beauty giant has cut air cargo by 48% since 2019 as the company looks to trim emissions in its supply chain.