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Transport Infrastructure
Bousso: Reopening of the ROI-Hormuz could be OPEC’s downfall
Saudi Arabia and its neighbours in the Gulf will celebrate the eventual reopening of Strait of Hormuz. But the ensuing oil flood could erode OPEC’s fragile grip on the markets. The Iran War and the closing of the vital waterway, through which nearly one fifth of world oil and gas passed before the conflict, have dramatically reduced the output of the Organization of Petroleum Exporting Countries and shifted the industry's center of gravity away. Riyadh has limited options to counter these changes. The strait is not expected to reopen anytime soon, and it's unclear what the conditions will be. Iran
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Transportation
US Energy regulator approves PJM’s rapid-tracked plan for power plant interconnection
PJM Interconnection, a U.S. grid operator, announced on Wednesday that the Federal Energy Regulatory Commission had approved the expedited interconnection process. This temporary process is designed to 'advance large projects of a significant size in order to meet the urgent demand for additional capacity resources. According to the Energy Information Administration (EIA), U.S. electricity consumption, which reached its second consecutive annual record in 2025, is expected to?rise even further in 2026 or 2027 due in part by AI-hungry data centers and electrification. The approval comes at a time when PJM, along with states?across the footprint of PJM, are seeking to
Passenger Transportation Services
Passenger Transportation Services
Riyadh Air, a Saudi-backed airline, lands its maiden flight amid the Iran conflict
Saudi Arabia's Riyadh Air, a new airline in Saudi Arabia, launched its first London flight on Wednesday using its new Boeing fleet. CEO Tony Douglas played down the impact of Iran conflict saying that the startup would benefit if travellers avoided other parts of Gulf. As the aviation industry struggles to cope with the impact of war in the Middle East, and rising jet fuel prices, the state-backed carrier has launched its first service from London Heathrow using one of its Boeing 787 Dreamliners. Douglas claimed that Riyadh Air’s smaller fleet offered some protection from the crisis. Douglas said, "I...
Passenger Transportation Services
Italy reduces its reliance on imported jet fuel amid disruptions caused by the Iran war
Senior officials from the fuel producers and airport operators in Italy said that the refineries had increased jet fuel production this year to reduce the risk of a shortage for the airline industry due to the 'Iran War. The Strait of Hormuz closure has caused global jet fuel supplies to be disrupted, which has led to higher prices and forced suppliers of cargoes to reroute their shipments. According to the head of fuel producers' union UNEM, Italy imported 50% of its?5million tons of jet fuel annually. By 2026, it will increase domestic production to 70% to meet demand. UNEM President...
Passenger Transportation Services
German airshow opens in shadow of Iran War, fighter project collapse
The ILA airshow in Germany opened on Wednesday, under the shadow of the?Iran war and the failure of a flagship Franco German fighter?jet program this week. Berlin's event, which dates from 1909, showcases a large part of Europe's defense industry as companies present new technologies to governments and military purchasers. The article also highlights European manufacturers' efforts to close the gap between them and their U.S. competitors, as well as persuading governments to support them at a time when the region is ramping up its defence spending. The build-up was dominated, however, by the cancellation of the Franco-German Future Combat...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
Middle East airlines are slowly resuming some flights as they rebuild their schedules following the war's disruption. However, the conflict is still disrupting wider traffic flows. Middle-East airlines have increased capacity following the severe disruption caused by the Iran War, but many carriers outside of the Gulf are still diverting Europe to Asia flights. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Greece's biggest carrier has cancelled flights from Thessaloniki, Greece to Tel Aviv. Flights to Dubai have been cancelled until August 31 and flights to Erbil?and?Baghdad?until July 2. AIRBALTIC AirBaltic, a Latvian airline, has cancelled all flights...
Passenger Transportation Services
Airbus leans toward Saab while Franco-German fighters unravel
Airbus has been looking at Saab, a Swedish company as its preferred future partner. This is because the failure of the Franco-German fighter program has reshaped European defense alliances. Airbus, the company that represents Germany and Spain on the 'fighter market', has other options besides collaborating with the manufacturer of Gripen combat aircraft. High-level contacts have been made on a separate project that involves Britain, Italy and Japan. Airbus and Saab are in exploratory discussions with each other since at least six months, boosted by the improved defence relations between Germany, Sweden and Germany, according to sources. Saab stated that...
Passenger Transportation Services
Protesters disrupt the start of German Air Industry Showcase
On Wednesday, protesters blocking roads to 'Berlin’s ILA airshow and shouting slogans like "Free Palestine" forced many delegates to walk. Witnesses reported that dozens of police officers were on the scene. A couple of them were seen carrying away a protester. Buses couldn't reach the venue and hundreds of people had to walk to the event. This year, the ILA airshow, which dates back to 1909, will host 750 exhibitors from 37 countries. The build-up to the show saw the cancellation of a Franco-German flagship fighter jet project, which 'became bogged-down in industrial rivalries. This underlined 'the struggles Europe has...
Transportation
New York Times Business News - June 10,
These are the top stories from?the New York Times Business Pages. ? These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Anthropic has released a public version its Mythos AI model. However, it will be restricted from being used in high-risk areas like cybersecurity. This is after an earlier preview this year caused a global stir with its ability to detect'software flaws. General Motors is releasing software that will allow some U.S. owners of electric vehicles to send power back to the grid. This is another example of auto companies seeking business opportunities in...
Passenger Transportation Services
Brazil regulators expect MAX 10 certification in this year
Brazilian aviation regulator ANAC 'expects that its U.S. counterpart Federal Aviation Administration will certify the Boeing 737 MAX 10 in this year, and will 'work quickly to validate a decision locally. Boeing and airlines such as Brazilian airline Gol rely on the MAX 10 narrowbody, the largest variant, to help them grow. "Because it's an?FAA timetable, I can’t really comment. But I strongly believe that it will happen in this year," Faierstein said on the sidelines of an international airline chiefs meeting in Rio de Janeiro, on Monday. We will also work hard to get it done quickly here. We...
Passenger Transportation Services
Foreign visitors to Cuba's once-bustling tourist sites are becoming increasingly rare
Ramiro Escobar, a Colombian, had always dreamt of visiting Cuba. Last week, the 68 year-old finally made the trip after putting it off for decades. He visited the island's most famous sites including the Varadero beach resort with its white sands. Escobar raved about his trip despite Cuba's struggling economic situation and fuel shortages. He said, "It is true that the country is in crisis but there are still many services available and my experience has been excellent." "I have had a wonderful time here." Escobar, a foreign tourist from Latin America, was the only one out of six to...
Passenger Transportation Services
Emirates is optimistic about Boeing 777X but there has been no progress on the Airbus A350 engine dispute
Dubai's Emirates president says that the company expects to get its first Boeing 777X, which has been delayed for years, by June next year. However, it is still waiting on progress in Rolls-Royce engine improvement, which would allow them to order Airbus A350-1000. Emirates, the largest buyer of wide body jets in the world, has complained a lot about the long delays with Boeing's biggest?model and the durability of the engines on Airbus's own biggest model. Tim Clark, Emirates President, said on the sidelines a Berlin industry conference that the 777X was in "good shape". The airline anticipates receiving its...
Passenger Transportation Services
Emirates is optimistic about Boeing 777X but there has been no progress on the Airbus A350 engine dispute
Emirates' president stated that Dubai expects its first Boeing 777X to arrive in June of next year. However, the company has not seen any progress with Rolls-Royce engines, which would allow them to order Airbus A350-1000. Emirates, the world's biggest buyer of wide-body jets, has complained repeatedly about Boeing's 'long' delays and Airbus's engine reliability on its own largest model. Tim Clark, Emirates President, said on the sidelines a Berlin industry conference that the 777X was in "good shape". The airline anticipates receiving its first '777X' in May or June of next year. This is 14 years after Emirates was...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
As regional carriers rebuild their schedules following war-related disruptions, some airlines are gradually restoring flights to the Middle East. However, the conflict continues to disrupt larger traffic flows. Middle Eastern airlines increased capacity following severe disruption caused by the Iran War, while many carriers outside of the Gulf still divert Europe-Asia flight to avoid the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Thessaloniki-Tel?Aviv flights were cancelled by Greece's biggest carrier until June 26. Dubai flights are cancelled until August 31. Erbil, Baghdad and Erbil flights will be cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline,...
Ground Transportation
Amtrak, the US passenger rail company, sets a record for ridership and cuts losses
Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...
Whaleboat sinks into river in Congo, killing at least 107 people
According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...
As inventories shrink, premiums for copper contracts on the nearby LME soar.
The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...