By the Numbers
EIA forecasts natural gas prices to remain near $4/MMBtu in 2022, slightly lower in 2023
AJOT | January 14, 2022 | Energy | Conventional | By The Numbers
In our January Short-Term Energy Outlook (STEO), we forecast that the natural gas spot price at the U.S. benchmark Henry Hub will average $3.79 per million British thermal units (MMBtu) in 2022, slightly less than its 2021 average of $3.91/MMBtu.
The Valencia Containerised Freight Index (VCFI) stabilises its growth with an increase of 4.14% in December
AJOT | January 14, 2022 | Ports & Terminals | Ports | By The Numbers
This increase continues the trend of the last five months of the year, where monthly increases have been more moderate than in the January-July period
Copper supply deficit of 6 million tons by 2030 threatens renewables, EVs, as investment lags demand
AJOT | January 14, 2022 | International Trade | Commodity | By The Numbers
Global demand for copper, an essential component in manufacturing electric vehicles (EVs) and consumer electronics, will outstrip supply by more than six million tonnes by 2030, Rystad Energy projects.
PSA container throughput performance for 2021
AJOT | January 14, 2022 | Ports & Terminals | Ports | By The Numbers
PSA International Pte Ltd (PSA) handled record container volumes of 91.5 million Twenty-foot Equivalent Units (TEUs) at its port projects around the world for the year ending 31 December 2021. T
Cargo tonnage at Port Saint John increases year-over-year as much as 123%
AJOT | January 14, 2022 | Ports & Terminals | Ports | By The Numbers
Overall cargo tonnage at Port Saint John for the year 2021 was 28,822,218 metric tonnes (MT), an 11% increase over 2020.
German economy shrank as much as 1% in final quarter of 2021
Bloomberg | January 14, 2022 | International Trade | By The Numbers
Germany’s economy contracted by as much as 1% in the final quarter of 2021 as the emergence of the coronavirus’s omicron strain added to drags on output from supply snarls and the fastest inflation in three decades.
Wholesale electricity prices trended higher in 2021 due to increasing natural gas prices
AJOT | January 07, 2022 | Energy | Conventional | By The Numbers
Average wholesale prices for electricity at major trading hubs in the United States were higher in 2021 than in 2020 as increasing costs for power generation fuels, especially natural gas, pushed electricity prices higher in the second half of 2021
NWSA import volumes continue growth trend
AJOT | December 21, 2021 | Ports & Terminals | Ports | By The Numbers
The Northwest Seaport Alliance saw a 7.8% increase year over year from November 2020, handling a total of 325,604 twenty-foot equivalent units (TEUs).
Descartes releases December report on global shipping crisis
AJOT | December 15, 2021 | International Trade | By The Numbers
The report shows continued strong U.S. ocean container import volumes and other underlying factors, which may point to a challenging 2022 for global supply chains.
Of the operating U.S. coal-fired power plants, 28% plan to retire by 2035
AJOT | December 15, 2021 | Energy | Conventional | By The Numbers
Although coal-fired power plants have no mandatory retirement age, power plant owners and operators have reported to EIA that they plan to retire 28%, or 59 gigawatts (GW), of the coal-fired capacity currently operating in the United States by 2035.
US gas flaring hit a record low in September, driven by improvements in the Bakken and Permian
AJOT | December 15, 2021 | Energy | Conventional | By The Numbers
Onshore gas flaring in the US nosedived in the third quarter of 2021, falling to its lowest level since at least 2012*, a Rystad Energy analysis shows.
Non-mining oil output in Canada’s top province hits all-time high, shaping its heaviest upstream mix in modern history
AJOT | December 15, 2021 | Energy | Conventional | By The Numbers
Oil production from non-mining processes in the Canadian province of Alberta hit an all-time high in October 2021, averaging 2.27 million barrels per day (bpd), marginally topping the previous record of 2.25 million bpd set in December 2019, a Rystad Energy report shows.
Canadian Pacific and Kansas City Southern close into voting trust
AJOT | December 14, 2021 | Intermodal | Rail | By The Numbers
Canadian Pacific Railway Limited (“CP”) announced the completion of its acquisition of Kansas City Southern (“KCS”). The transaction represents an enterprise value of approximately US$31 billion.
Cathay Pacific releases traffic figures for November 2021
AJOT | December 14, 2021 | Air Cargo | Airlines | By The Numbers
Cathay Pacific today released its traffic figures for November 2021 that continued to reflect the airline’s substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong and other markets amid the ongoing global COVID-19 pandemic.
Report: Freight bottlenecks, supply chain delays and U.S. vehicle travel
AJOT | December 14, 2021 | Logistics | By The Numbers
With U.S. vehicle travel nearing pre-pandemic levels, freight bottlenecks slowing shipments, and new federal transportation funding reaching states, additional investment in U.S. freight network will be needed to improve supply chain reliability
Virginia has record November as projects advance
AJOT | December 13, 2021 | Ports & Terminals | Ports | By The Numbers
Nearly 291,000 TEUs processed with plans on expansion of central rail yard to begin in February
FTR’s Trucking Conditions Index for October falls due to a surge in diesel prices
AJOT | December 13, 2021 | Intermodal | Trucking | By The Numbers
Had fuel prices been a neutral factor, the change in the index from September’s 11.79 reading would have been negligible.
Less production and more demand have reduced U.S. jet fuel inventories
AJOT | December 13, 2021 | Air Cargo | Airlines | By The Numbers
On November 26, U.S. jet fuel inventories were at their lowest level since late 2014, according to data in our Weekly Petroleum Status Report. Refineries produced less jet fuel in October compared with this summer, and since August, jet fuel demand has increased to near pre-pandemic levels.
ZeroAvia raises further $35 million for zero-emission flight technology
AJOT | December 13, 2021 | Air Cargo | Airlines | By The Numbers
New investors Alaska Airlines and United Airlines join existing investors Amazon’s Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Horizons Ventures, Summa Equity and Shell Ventures in the round
Fraport Traffic Figures for November 2021 show slight cargo dip
AJOT | December 13, 2021 | Air Cargo | Airports | By The Numbers
Frankfurt Airport and most of Fraport’s Group airports worldwide report traffic growth – Slowdown expected for December due to pandemic
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