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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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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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ENGINE: East of Suez Bunker Fuel Availability Outlook
Singapore and Malaysia Bunker fuel availability remains tight in Singapore, with delayed cargo arrivals and congestion at loading terminals continuing to constrain supply, a source said. VLSFO lead times are currently around 13-15 days. Last week, suppliers recommended lead times ranging from around 13 days at the ear…
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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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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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Tashkent Hosts Central Asia-China Civil Aviation Cooperation Conference
Tashkent is hosting the third Central Asia-China civil aviation conference, focusing on regional cooperation, air transport liberalisation and the Air Silk Road initiative.
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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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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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Türkiye Strengthens Demand For Steelpaint’s Long-Term Corrosion Protection
The rise in the number of Turkish shipyards from 37 in 2002 to about 85 today has substantially increased the country’s newbuild capacity but shiprepair and maintenance continues to account for much of the industry’s maritime activity, as more shipowners extend vessel service life. For instance, Turkish yards, concent…
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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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OPEC+ holds December oil output target
The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 1 November 2026, to review global market conditions and outlook. The seven participating countries decided to main…
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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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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…
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Non-Performing Loans Account for 3.8% of Uzbekistan Bank Lending
Uzbekistan’s banks reported 25.04 trillion soums in non-performing loans as of 1 October 2026, equal to 3.8% of their total loan portfolio.
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Industrial Lending in Uzbekistan Falls 8.8% Year on Year
Bank loans to Uzbekistan’s industrial sector fell to 133.4 trillion soums by 1 October 2026, despite 13.2% growth in the overall loan portfolio.
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New seafarers’ federation launched in India
A new federation bringing together Indian seafarer unions, welfare organisations and maritime charities has been established in Chennai with plans to coordinate action on crew abandonment, unpaid wages and seafarer safety. The International Transport Employees Federation (ITEF) was formed on October 31 following a mee…
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Uzbekistan’s Bank Loan Portfolio Grows 13.2% in a Year
Uzbekistan’s commercial bank loans reached 659.1 trillion soums by 1 October 2026, driven by 19% growth in lending to individuals.
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China–Azerbaijan Ties: Turning Connectivity Into Industrial Growth
China’s growing engagement with Azerbaijan reflects an increasingly structured, diversified and long-term approach to the South Caucasus. Beijing sees Baku as an important connection between China, Central Asia, the South Caucasus and European markets. Energy and transit remain significant, while investment, green tec…