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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 …
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…
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 …
Calmer waters for container spot rates, but ‘fragile’ Middle East a threat
There was a certain sense of calm about the container spot freight rate market this week, with slight declines on both the transpacific and Asia-Europe trades as capacity constraints eased and demand remained seasonally subdued. Drewry’s World Container Index (WCI) recorded a 2% week-on-week drop on its Shanghai-Rotte…
Freighter capacity divides air cargo fortunes as rates climb
Access – or not – to freighter capacity is helping shape air cargo’s fortunes. IAG Cargo, which shed its freighter operations more than a decade ago, lost traffic following cancelled services, while asset-heavy DHL reported double-digit volume growth. But rising rates do not necessarily signal a late peak-season surge…
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…
NYK – the argument now is over what a normal year looks like
NYK has raised its dividend to ¥330 a share on a year swollen by the closure of the Strait of Hormuz and strong container rates, but its own guidance has second-half profit falling by more than 40%. Morgan Stanley values the company on a normal year worth less than half of this one and sees a risk the dividend is cut …
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…
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…
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…
‘Carrier selection matters’ when it comes to getting your goods on time
The Asia-North America tradelane is facing the highest ocean freight disruption risk over the coming weeks. Reduced carrier capacity and growing difficulty securing bookings threaten shipment reliability, according to WiseTech Global. The company’s November Ocean Freight Risk Outlook, released today covering weeks 45-…
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…
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…
Forget about Mærsk as the integrator of container logistics
Today we soft launch our “Top Analyst Question(s) Award” drawing from yesterday’s Q3 26 (YAWWWNNNN) earnings call with Mærsk, when CEO Vincent Clerc tried to explain why all units are firing on all cylinders, almost a decade after the carrier’s reorg was disclosed (our exclusive from Oct 2018 is here), aiming for deep…
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…
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…
Cargo crime in North America down in Q3, but losses are mounting
Organised criminal networks are increasingly exploiting identity fraud, carrier impersonation and weaknesses in freight verification, driving cargo theft losses across Canada and the US up 39% year on year, despite a sharp decline in reported incidents Verisk CargoNet recorded 2,072 of reported supply chain crime inci…
Hong Kong reviews river fees as mainland ports lure cargo away
Hong Kong is reviewing permit fees charged to river trade vessels as it seeks to maintain its port’s competitiveness amid growing competition from mainland Chinese terminals in Guangzhou and Shenzhen. The secretary for transport and logistics, Chan Mei-po, announced the review in a written reply to the Legislative Cou…
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…
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…
STB turns UP-NS merger fight into inquiry over shipper intimidation
Union Pacific must disclose Jim Vena’s conference video and produce records about possible retaliation. The railroad denies making threats, and regulators have yet to decide whether anyone was intimidated – or whether the merger review should continue. For a regulator assessing the largest proposed US railroad combina…
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…