Transportation News, Logistics, Ports and Trade

MSC BRC - scope: Import/export Central America, Venezuela & Caribbean

AJOT Newsroom | January 10, 2023 | Maritime | Liner Shipping

MSC BRC amounts valid February 1st for Central America, Caribbean and Venezuela to/from US.

Maritime

AJOT Newsroom | January 10, 2023

New cargo service begins at Port Canaveral

Multi-tons of aggregate to be discharged at Port Canaveral monthly

US’ warm weather could trigger record low gas demand in January - Rystad Energy’s North America Gas and LNG Market Note

AJOT Newsroom | January 10, 2023 | Energy

US natural gas demand could be on track to hit record lows in January if unseasonably warm weather sticks around.

Tompkins Solutions names Carter Vice President of Sales

AJOT Newsroom | January 10, 2023 | Logistics | People | Appointments

Tompkins Solutions, a leading supply chain consulting and material handling integration firm, today announced that Billy Carter has joined the company as vice president of sales.

ITIC covers US$ 94,000 in fees after Panama Canal authorities deny cancellation request

AJOT Newsroom | January 10, 2023 | Maritime | Ports & Terminals | Canal and Waterway

India makes power plants import coal to avert looming crunch

Bloomberg | January 10, 2023 | Energy | International Trade | Commodity

40Seas, a new fintech platform designed to modernize cross-border trade financing, secures funding of $111 million from ZIM and Team8

AJOT Newsroom | January 10, 2023 | International Trade | Shipping Technology

China purchases of Australian coal up to firms, envoy says

Bloomberg | January 10, 2023 | Energy | International Trade | Commodity

Wholesale U.S. electricity prices were volatile in 2022

AJOT Newsroom | January 10, 2023 | Energy

Average wholesale electricity prices at major trading hubs in the United States rose throughout much of 2022 and were, at times, volatile as a result of extreme weather events. The limited availability of coal to substitute for higher-priced natural gas also contributed to higher electricity prices.

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

AJOT Newsroom | January 10, 2023 | Energy | Conventional

UK joins space-launch club as Virgin Orbit rocket blasts off

Bloomberg | January 10, 2023 | Air Cargo | Technology

Virgin Orbit Holdings Inc. fired a rocket toward space from beneath the wing of a Boeing Co. 747 aircraft that took off from southwest England, marking a major milestone in the first-ever orbital launch from Britain or Western Europe.

U.S. airlines’ November 2022 fuel cost per gallon down 3.8% from October 2022; aviation fuel consumption down 3.2% from pre-pandemic November 2019

AJOT Newsroom | January 10, 2023 | Air Cargo | Airlines | Energy

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ November fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.398 billion gallons of fuel, 2.5% less fuel than in October 2022 (1.434 billion gallons) and 3.2% less than in pre-pandemic November 2019. The cost per gallon of fuel in November 2022 ($3.32) was down 13 cents (3.8%) from October 2022 ($3.45) and up $1.33 (66.8%) from November 2019. Total November 2022 fuel expenditure ($4.64B) was down 6.2% from October 2022 ($4.95B) and up 61.5% from pre-pandemic November 2019. All costs are in current dollars and are not adjusted for inflation.