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Europe
Sources say that Russia is set to import North Asian Jet Fuel amid the fuel crisis.
Three sources briefed on this matter said that Russia is preparing to import jet fuel via traders. The country is currently battling a fuel shortage after Ukrainian attacks against its energy infrastructure. Two sources said that at least 200,000 barrels (of jet fuel) are expected to be loaded from Chiba in Japan in the first half July, and shipped first to South Korea. They added that the cargo will then be expected to be transferred to another tanker, probably via a ship-to-ship transfer at South Korea's Yeosu Port, before being sent to Russia. The final destination of the cargo was
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Passenger Ground & Sea Transportation
Electric school buses are used to support the fragile US power grids in summer heat
The batteries in over 200 electric school buses in the United States are helping people to find relief when temperatures soar. When temperatures soar, you can find relief. Yellow electric school buses from California to North Carolina are returning power to the grid, relieving some of the strain during summer heatwaves. More than a hundred more buses are expected to be online. Power plants are dwarfed in terms of the energy stored by school buses and other electrical vehicles. But attempts to use their batteries to send power to electrical systems (known as Vehicle-to-Grid, or V2G) show how EVs can
Passenger Transportation Services
Passenger Transportation Services
Two Belarusian tourists are injured by a Ukrainian drone while travelling in Russia
Two people were injured by a Ukrainian drone attack on a bus travelling from Minsk, the Belarusian capital, to the Russian Black Sea resort town of Anapa. This was reported in Russian state media. Sputnik Belarus reported that the government of the Bryansk region in Russia, near the border with Ukraine and Belarus, said two drivers were injured in the attack, which took place at the Krasniy kamen border crossing. Andriy kovalenko, the head of Ukraine's Centre for Countering Disinformation, a branch of the National Security Council (NSC), denied that Kyiv attacked the bus. He called the?Russian claims "provocations" as...
Passenger Transportation Services
Sources claim that NATO is planning to replace AWACS jets with Saab GlobalEye aircraft
Four sources with knowledge of the matter have confirmed that NATO is planning to replace its aging AWACS fleet with GlobalEye aircraft from Sweden's Saab. This move could put President Donald Trump on edge. Trump has repeatedly threatened NATO's dissolution, accusing European countries of a free ride by leaving it to the U.S. Sources?said NATO would announce its GlobalEye plans at a meeting with its members on 7 and 8 July in the Turkish capital Ankara. NATO has not responded to our request for comment. Saab declined to comment. Since 1982, NATO has been able to keep an eye on...
Passenger Transportation Services
Two Belarusian tourists are injured by a Ukrainian drone while travelling in Russia
Russian state media reported that a Ukrainian drone attacked two people on a bus travelling from Minsk, the Belarusian capital, to Anapa, a resort town near the Black Sea in Russia. Sputnik Belarus reported that the government of the Bryansk region in Russia, near the border with Belarus and Ukraine, said two drivers were injured, but only slightly, during the attack. The incident occurred at the Krasniy kamen border crossing between Russia and Belarus. Ukraine has not yet responded to the question. The Ukrainians regularly shell Bryansk, and the nearby region of Kursk. This results in?injuries and deaths among local...
Passenger Transportation Services
World Cup 250th Anniversary will help to drive July 4 travel, even with high fuel prices biting
As 'the United States' celebrates its 250th anniversary, the number of Americans expected to travel over the weekend is expected to increase. The number of?Americans expected to travel into the weekend as?the?U.S. AAA data shows that 72.2 million Americans are expected to travel 50 miles or more for Independence Day, between June 27 and July 5. This is a slight increase from 71.8 millions last year. As oil prices rise due to war, household budgets are squeezed and travelers have to rethink travel plans. An expected heatwave will further complicate travel decisions. The period will test the consumer's resilience, as...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict following the U.S.-Israeli strike on Iran. However, many carriers continue to suspend flights that disrupt global travel. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Dubai until August 31 and Erbil and Baghdad?until Sept 30. AIRBALTIC AirBaltic, a Latvian airline, resumed its Tel Aviv operations on July 1. Dubai flights are suspended until October 24. AIR CANADA Canadian Airlines has cancelled all flights...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts to end the conflict following the U.S.-Israeli strikes on Iran gain momentum. However, many carriers continue to suspend their flights and disrupt travel around the world. The following is an alphabetical list of the current status of flights. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Dubai and Erbil until September 30. AIRBALTIC AirBaltic, a Latvian airline, resumed its Tel Aviv flights on July 1. Dubai flights are suspended until October 24. AIR CANADA Canadian Airlines has cancelled all flights to Tel...
Passenger Transportation Services
Dassault confirms new rift with Airbus regarding Eurodrone
Dassault Aviation CEO, Mr. Trappier, said 'Wednesday' that Airbus 'tried to kick them out of the multinational Eurodrone project. This confirms a separate rift between planemakers and the collapse of plans for an European fighter jet. Airbus refused to comment on Trappier’s comments. They confirm that the Eurodrone dispute is real after it was reported last month that Dassault wanted compensation from Airbus. "For us, it's very simple. Airbus told us 'get out,' CEO Eric Trappier said to a French Senate committee when asked about Eurodrone surveillance. "We disagree and are currently in discussion on why we have been excluded....
Passenger Transportation Services
Dassault, France's fighter manufacturer, is open to collaboration after the collapse of its programme
?French planemaker Dassault Aviation is open to cooperation ?after the collapse of a Franco-German-Spanish fighter programme, its ?CEO said on Wednesday, while ?leaving open the prospect ?of ?working with a non-European partner. Eric Trappier gave his first official testimony since Germany, France and Airbus scrapped last month a project for a new generation fighter due to industrial disputes. He told a French Senate committee that "we are capable of cooperating. We have demonstrated it in the past. But we want to 'cooperate with rules accepted from the beginning." Trappier claimed that the failure of the core fighter project of FCAS...
Passenger Transportation Services
Asian Airlines' Europe windfall diminishes as Gulf competitors rebound
Industry data shows that Asian airlines who gained passengers and increased fares for European routes following the start of the 'Iran conflict' are now losing those advantages as Gulf carriers offer lower ticket prices and restore flights. Although the shift was gradual, it raises doubts about whether carriers such as Singapore Airlines, Cathay Pacific Airways and Korean Air Lines, or ANA Holdings, can maintain much of the share gained during disruption. Nathan Gee is the head of Asia-Pacific Transportation Research at BofA Global Research. He said that the industry term for seat occupancy, or load factor, has reached its peak....
Passenger Transportation Services
Oman Air is targeting tourists with a new Singapore route and looking to expand into North Asia
Oman Air's CEO stated that the airline is considering expanding to North Asia in the next year. Con Korfiatis, CEO of Oman Air, said that the new nonstop Singapore service was backed by the lower cost base, and Oman Air's membership in the Oneworld alliance, which helps with connections. Serving the city with a Kuala Lumpur stopover failed nine years earlier. He said that Singapore is one of the largest global?hubs...and Singaporeans were among the world's most avid travelers. "Oman is no longer a transit country, but a destination for tourists. This has opened up a new market." Korfiatis stated...
Passenger Transportation Services
Asian Airlines' Europe windfall diminishes as Gulf competitors rebound
Industry data shows that Asian airlines, which gained passengers on European routes and charged higher prices after the Iran conflict began are now'seeing their advantages eroded as Gulf carriers restore flights?and offer lower ticket price. The shift was 'gradual', but it raises doubts about whether carriers such as Singapore Airlines, Cathay Pacific Airways and Korean Air Lines, ANA Holdings, can maintain much of the share gained during disruption. Nathan Gee is the head of Asia-Pacific Transportation Research at BofA Global Research. He said that the industry term for seat occupancy, or load factor, has reached its peak. But long-haul bookings...
Passenger Transportation Services
Indian shares gain as oil prices drop and RBI measures counter IT drag
Indian benchmarks fell Tuesday, with IT stocks dragging them down on fears that U.S. interest rates may stay high for longer. However, they still posted monthly gains, as lower oil prices and measures to attract foreign investment helped stabilize the rupee. Brent crude traded at $73 per barrel, down from the levels before the Iran conflict. It is down 42% since its peak in April of $126.4. This has eased pressure on India's inflation and current account deficit. The Nifty 50 dropped 0.34% to 23,865.75, and the BSE Sensex slipped 0.33% to 76 478.67. The indexes gained 1.4% and 2.3%...
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...