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Razi Customs ranks third in Iran for rail freight transport

CSTO may consider suspending Armenia’s voting rights

Collective Security Treaty Organization (CSTO) Secretary General Taalatbek Masadykov said the organisation could consider suspending Armenia’s voting rights and halting the nomination of Armenian citizens to quota-based positions within the CSTO.

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…

Drone attack sparks fire at Ozon logistics centre in Russia’s Adygea

A fire broke out at an Ozon logistics centre in the city of Adygeysk, in Russia’s Republic of Adygea, following a drone attack.

Azerbaijan's annual customs exemptions and reliefs reach nearly $1.8B

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…

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.

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 …

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…

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.

US, Turkmenistan discuss trade, investment and Trans-Caspian connectivity

Uzbekistan, Hungary discuss logistics hubs to boost EU trade access

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.

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...

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…

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 …

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…

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…

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.

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.

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.

The neutral capital: Could Ashgabat become a channel for U.S.-Iran de-escalation?

Maersk unveils new Finland-Sweden freight link

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 …

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.

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…

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."

Armenia begins preparatory work on TRIPP railway and highway project

The Government of Armenia has effectively already begun implementing the “Trump Route for International Peace and Prosperity” (TRIPP) project, Prime Minister Nikol Pashinyan told lawmakers on Monday, according to Armenpress.

MSC adds three more megamaxes at Waigaoqiao

Mediterranean Shipping Co (MSC) has been linked to another three LNG dual-fuel megamax containerships at China’s Shanghai Waigaoqiao Shipbuilding (SWS), expanding its series at the CSSC-owned yard to 13 vessels. Shipbroking sources place the latest 21,700 teu newbuildings at around $210m apiece, valuing the additional…