Transport Infrastructure

U.S. flights cancellations dropped sharply in the past day, as the absence of air traffic controllers decreased just hours before Wednesday's vote by the House of Representatives to end the record-breaking government shutdown. The United States' airlines canceled almost 900 flights Wednesday, the lowest number in six days. This was in accordance with a Federal Aviation Administration directive that they cancel 6% flights at the busiest 40 airports in order to address safety concerns. According to some airlines, the FAA may reduce its planned 8% cut in flights on Thursday from 8% to 6%. The FAA reported that air traffic...

The government has been imposing mandatory flight reductions in response to safety concerns. This is the fifth day that the airlines have cancelled more than 1,000 flights. The Federal Aviation Administration (FAA) instructed airlines last week to reduce 4% of flights daily starting Friday, November 7 at 40 major airports due to staffing problems in air traffic control. The reductions in flights increased to 6% on February 2. On Thursday, the flight reductions would be 8% and on Friday, they will be 10%. The FAA and airlines are discussing when and how to reduce and eliminate the flight cuts as...

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. On Monday, a coalition of clean-energy groups and the City of St. Paul filed a lawsuit against the U.S. Government. They challenged what they called the nakedly partisan nature of the funding cuts made during the shutdown of the federal government that resulted in the loss of around $7.5 billion from projects in Democratic states. In one of his final letters to Berkshire Hathaway shareholders, Warren Buffett said that he will...

Bloomberg News reported Monday that Verizon Communications was looking to raise $10 billion on the corporate bond markets to fund the $20 billion Frontier deal. A person familiar with the situation confirmed this. The wireless carrier filed a five-part sale of bonds earlier that day without revealing the size. The report stated that the initial price discussion for the largest portion of the deal - a bond with a maturity of 40 years - is about 1.6 percentage point above Treasuries. Verizon didn't immediately respond to our request for a comment. Last year, the company bought Frontier for $9.6 billion....

China has suspended port fees for vessels linked to the United States, said its transport ministry on Monday. This comes after Washington announced an equivalent pause in punitive measures against China's shipbuilding and shipping sectors. The reciprocated pauses are in line with the agreements made by U.S. president Donald Trump and Chinese president Xi Jinping at a recent summit in South Korea. According to a statement from the Transport Ministry, the suspension began at 13:01 local (0501 GMT). Beijing has welcomed the announcement by the U.S. Office of Trade Representative on November 9 that it will pause all punitive measures...

The number of flights canceled by airlines in the United States surpassed 1,500 on Monday. This is the fourth day that cancellations have exceeded 1,000, as flight reductions and staffing shortages continue to cause havoc for aviation. FlightAware is a website that tracks flights. As of 8:30 a.m. ET (1330 GMT), more than 1,550 flights had been canceled and 1,400 delayed Monday. More than 1,550 flights were cancelled and 1,400 flights delayed on Monday, after 2,950 flight cancellations and nearly 10,800 delays Sunday. Chicago's November snowstorm also caused disruptions to air travel. Late Sunday, the Federal Aviation Administration announced that...

Due to a shortage of air traffic controllers, U.S. flights are expected to be "a trickle" as the shutdown continues. Transportation Secretary Sean Duffy made the announcement in comments that were broadcast on Sunday. After a Saturday plagued by thousands of cancellations and delays, major airlines faced a third consecutive day of flight restrictions. The government shutdown has now lasted a record-breaking 40 days. This has caused a shortage of air traffic control officers who, along with other federal employees, are not paid for several weeks. Duffy, on CNN's State of the Union program, said: "It will only get worse......

After a weekend of flight delays caused by a shortage of air traffic controllers, major airlines are preparing for the third day of mandatory government-mandated flight reductions. Federal Aviation Administration has instructed airlines to reduce 4% of flights daily starting Friday in 40 major airports due to safety concerns regarding air traffic control. The record-breaking shutdown has left air traffic controllers, and other federal employees who haven't been paid in weeks, short. The reduction in flight numbers is to be 6% by Tuesday, and 10% by November 14th. The FAA announced on Saturday that there are air traffic control staffing...

U.S. Airlines canceled 1,330 flights in the United States on Saturday as part of the government-mandated flight cutbacks. The industry is bracing for further cancellations if the shutdown continues. Federal Aviation Administration has instructed airlines to reduce 4% of their daily flights at 40 major airports starting Friday due to safety concerns regarding air traffic control. Air traffic controllers are in short supply because they haven't been paid for several weeks. On Tuesday, the reductions will reach 6% before reaching 10% on November 14. Flights Delayd in at Least 12 Major Cities The FAA reported on Saturday that there were...

U.S. Airlines and travelers endured a second day on Saturday of flight cancellations across the nation as the shutdown is expected to cause more cancellations over the next few days. Due to the shutdown, the Federal Aviation Administration has instructed airlines to reduce 4% of flights at 40 major airports on Saturday. The cut will increase to 6% by Tuesday, and to 10% on November 14. These cuts began at 6 am. About 700 flights were affected by the cuts on Friday morning, 1100 GMT, from American Airlines, Delta Air Lines and Southwest Airlines. Due to a lower volume of...

U.S. Federal Aviation Administration announced on Friday that it is delaying flights in eight airports, including Atlanta, San Francisco and Houston. The agency cited widespread staffing problems as controllers were not paid during the shutdown. Staffing shortages are reported at 10 different locations in the United States, and could lead to delays at other airports. Separately, the agency required airlines to cancel more than 700 flights or 4% of their flights at 40 airports with high traffic to deal with air traffic control staffing. According to FAA ground delays programs, flights at Reagan Washington National are delayed on average by...

The Trump Administration said on Thursday that it would continue negotiations with China about its dominance in shipbuilding and ocean logistic as it formalized its plans for a year-long pause on U.S. Port Fees on China-linked ships as part of an broader agreement to reduce trade tensions. In a Federal Register announcement, the U.S. Trade Representative announced that all punitive measures against China resulting in its "Section 301", unfair trade practices investigation would be halted for a period of one year beginning November 10. USTR also said that it would be accepting public comments about the matter between November 6...

The airport director announced on Tuesday that talks are in progress between the Moldovan government and Russia's Lukoil about buying the energy company’s infrastructure at Chisinau Airport as part of an effort to implement U.S. Sanctions imposed last month. Serdgiu Spoiala stated that he did not see any risk of the airport running out of aviation fuel, after the government proposed to buy Lukoil’s facilities on Monday. The sanctions imposed by the United States on Lukoil and Rosneft were linked to the war that has lasted for more than three-and-a-half years in Ukraine. Currently, it is the only supplier of...

Two industry sources said on Tuesday that the Russian energy company Novatek had restored to full capacity its gas condensate facility at the Baltic Sea Port of Ust-Luga following repairs of damaged equipment caused by drone attacks in August. The fire was caused by Ukrainian drones on August 24. This led to the complete shutdown of the operation, including the fuel export loading. It is one of many disruptions in Russia's energy sector as Ukraine intensifies drone attacks during the ongoing conflict between the two neighbours. One source said that the daily processing of stable condensate (a type of lighter...

In an opaque market, the differentials between urals crude and other grades remained stable on Monday as participants assessed the impact of sanctions placed on Lukoil last month and Rosneft the previous month on the supply of this grade to India and Turkey. Sources in the trade said that two Indian state refiners bought 5 million barrels from spot markets as they continued to search for alternatives to Russian oil supplies. Sources said that Lukoil declared force majore at its Iraqi field of oil, while Bulgaria was preparing to seize the Burgas refinery as its international operations buckled due to...

Belgian officials have enlisted foreign forces to help them track or seize drones that are making incursions near its airports and military bases, as well as a nuclear power plant. They claim this is all a result of Russian interference. Last Tuesday, drone sightings caused the authorities to temporarily close Belgium's busiest airport, Brussels Airport. This was one of several recent incursions which also resulted in a brief closure at the cargo hub, Liege Airport, and disrupted a nearby airbase. "We don't say it's Russia. "We're not saying it's Russia. It is impossible to link any incident with a specific...

The price differential between Urals and Brent for December arrived in India on Thursday, as the flagship blend of Russia was traded at its steepest discount in over a year. This is due to new U.S. sanctions against Russia's top oil producers. The price difference for Russia's flagship Urals oil in Indian ports has widened from $2 to $4 per barrel under Brent for December arrival. This is the largest discount in about a month. According to estimates and shipping and trading sources, Russia's oil imports to western ports will decrease in November due to higher refinery runs but remain...

The Norwegian Police announced on Thursday that they have closed their investigation into the suspected sightings of drones in Oslo Airport in September. They cited insufficient evidence to prove that drones were present. Oslo and Copenhagen airports were closed for several hours between September 22 and 23 after drones reported in the area caused the closure of the airspace. In recent months, drones have caused significant disruption in Europe. They forced the temporary closure of airports across several countries. Some officials blamed these incidents on Russian "hybrid war". Moscow denies any involvement in the incidents. Norwegian police confirmed that they...

According to two industry sources, and LSEG ship tracking, Russia's Black Sea Port of Tuapse suspended fuel exports while the local refinery halted crude processing following the November 2 Ukrainian drone attack on its infrastructure. Ukraine announced on Sunday that its drones had struck Tuapse - one of Russia's major Black Sea oil port - causing an explosion and damage to at least one vessel. This was part of Kyiv’s effort to undermine Russia’s war economy through targeting its energy infrastructure. The regional administration confirmed that the strike caused an fire in the port. Since several months, Ukraine has been...

The differential between dated Brent and Urals crude remained unchanged on Monday as buyers of both grades awaited clarity about the impact of new Western sanctions on Russian oil imports. Last week, the European Union (EU), Britain and the U.S. imposed sanctions on Russia, including those affecting its two largest oil producers, Lukoil, and Rosneft. The U.S. gave companies until November 21, 2011 to end their transactions with Russian oil producers. Four sources familiar with the discussions said that OPEC+ is likely to increase output modestly in December as it continues with its monthly increases aimed at regaining market share....

Two industry sources said on Friday that the fourth largest oil refinery in Russia, located in Ryazan, south-east of Moscow, had halted its primary crude distillation unit following an attack by a Ukrainian drone on Wednesday. Ukraine has intensified its attacks on Russia’s energy infrastructure, as the peace talks that were mediated by U.S. president Donald Trump failed to progress. Local authorities in Russia have reported that such attacks are the cause of fuel shortages in several regions. The Ukrainian General Staff said that Kyiv forces struck the Ryazan Oil Refinery on Thursday. Industry sources in Russia said that the...

Calculations based on trader data showed that the price of Russia's Urals Crude at Baltic ports dropped below the EU price cap of $47.60 a barrel on Wednesday, for the first time. This was due to a five-month high in Brent benchmark prices, and increased freight costs. According to calculations, the price of Urals free-onboard at the port Primorsk dropped to $47.40 a barrel on Wednesday. In July, the European Union approved its 18th package against Russia. This included measures that were designed to deal further blows with the Russian oil industry and energy sector. The EU's MOVING Price Cap...

Three market sources reported that the Black Sea port in Russia, Novorossiisk, has reached its export capacity limit. This leaves traders scrambling to find a new route for crude oil, which it is unable to refine at home and can only produce because of increased OPEC+ quotas. Organization of the Petroleum Exporting Countries (OPEC) and its allies have been easing up on output restrictions. In addition, Russia's refining facilities carried out record amounts of maintenance in August, and September. This was partly due to damage caused by Ukrainian drones. As a result, its ability to process crude oil domestically has...

The U.S. President threatened 100% tariffs on Chinese imports, sending the markets into a tailspin. Questions about whether Trump's threat to retaliate for China's dramatic expansion of export controls on rare Earths will lead to a full-blown war between the two world's largest economies are likely to dominate the annual meetings of the International Monetary Fund (IMF) and World Bank. Washington and Beijing reached a delicate truce over the last five months, which brought down tariffs from triple-digits and led to an upgrade of the IMF's outlook for global growth. Trump's plans to meet Chinese President Xi Jinping in the...