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Freight Logistics
Sources and data: Russia ships more than 10 millions barrels of crude oil via Arctic to China
Two trade sources and LSEG data show that Russia has shipped over 10 million barrels via the Northern Sea Route this 'year. This is a boost to supplies to China, as buyers look for alternative sources amidst disruptions in iranian oil exports, and worries about Middle -East shipping routes. The NSR is navigable between July and October, offering a quicker route to Asia compared to the usual Suez Canal. Last year, Russia shipped 13 million barrels through the 'Arctic Route' during the entire navigation season. This suggests that the demand for supplies via the NSR this year is high. LSEG
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Passenger Transportation Services
Zelenskiy aviation warning not enough for Moscow to prevent airspace disruption
After warnings from Ukrainian President Volodymyr Zelenskiy, that the drones used by Russia had made its?airspace? dangerous to use, Russia promised to prevent any disruptions to civil aviation. Zelenskiy, a Russian-born Ukrainian pilot, warned insurance companies and airlines on Tuesday about the "war that Russia started" by closing their own skies. He claimed he wasn't targeting civil aviation. Andrii Sybiha, Ukrainian Foreign Minister, said that on Wednesday the Ukrainian government had officially informed the International Civil Aviation Organization (ICAO) that Russian airspace is not safe. Other airlines, such as those from China, Turkey, the United Arab Emirates, and other Gulf
Passenger Transportation Services
Passenger Transportation Services
Minister Zelenskiy says that despite Zelenskiy’s threats, Russia will not allow Ukraine seriously to disrupt civil aviation
The Russian Transport Minister said that despite the threat of Ukrainian President Volodymyr Zelenskiy, Russia would not allow Ukraine to disrupt civil aviation operations. Zelenskiy, a Russian aviation expert, warned Tuesday airlines and insurance firms that the presence Ukrainian drones made Russian airspace dangerous and closed it effectively. "Of Course, We are Preparing for This?and Taking into Account All These Threats. We constantly improve?flight security and airport requirements.?And we have a?solution for all of it. "We have solutions to all of the terrorist threats," Andrei Nikitin was quoted as saying by Interfax, Russia's news agency. "We work closely with the?Ministry...
Passenger Transportation Services
Two injured after blast at southern German train station
German police reported that an unknown object exploded in the early morning hours of Wednesday near a train station?in the southern city of Augsburg. Two passersby, aged 17 and 18 years old, suffered minor injuries. Bavaria State Police said that the explosion occurred in a passageway of a building. They added that two Ukrainians were injured. Police?added hours later that the city's main train station had been?closed following an additional suspicious item being found. Police announced on X that "train services have been suspended." Bild, the news outlet in Germany, reported that the hand grenade was detonated early in the...
Passenger Transportation Services
Fuel costs threaten winter forecast, so Ryanair reduces its traffic target
Ryanair, Europe's largest budget airline, cut its traffic target for fiscal 2027 on Wednesday in order to reduce the exposure to unhedged costs of fuel during winter. It also warned that annual profits would fall below their record-breaking level from last year. This move shows how the 'crisis' in jet fuel caused by the conflict in the Middle East has reshaped European aviation. Many'major carriers are either keeping their capacity flat or reducing it before the typically loss-making winter season. Ryanair said that if oil prices remain high through S.27 (summer of 2027), short-haul flights in Europe will 'increase materially,...
Passenger Transportation Services
Zelenskiy claims that Ukrainian drones effectively closed Russian airspace
Volodymyr Zelenskiy, the Ukrainian President, warned airlines and insurance companies that the presence of Ukrainian drones had made Russian skies unsafe to fly and effectively closed. Zelenskiy warned in his "nightly video" address that the Russian sky is dangerous. He said that Ukraine does not pose a threat to civil aviation. "But there will be drones flying in the skies of?Russia and due notice must be given". "Even though Russian authorities do not announce it properly, Russian airspace is closing in effect." Zelenskiy said that the war Russia started is closing down its own skies. The Russian air force has...
Passenger Transportation Services
Tesla promotes European-supervised self-driving vehicle safety data before EU vote
Tesla's supervised autonomous driving technology has recorded 4.1 times less collisions in five European countries that allow it, according to the automaker. The company is stepping up its lobbying ahead of an EU vote about a wider deployment. In April, the Netherlands became the first European nation to give provisional approval to Tesla's Full Self-Driving System (FSD). Belgium, Denmark, Estonia, and Lithuania followed suit, ahead of an EU vote on approval. Tesla's findings are based on driving data from more than 100 million km (62 millions miles) collected between April-August in these five countries, where FSD equipped cars were involved...
Passenger Transportation Services
FAA suggests flight restrictions near Trump Palm Beach Airport
Federal Aviation Administration announced on Tuesday that it is proposing special flight regulations near Trump International Airport in Palm Beach, Florida. The agency cited'security concerns regarding u.s. President Donald Trump's Mar-a-Lago home. The FAA proposes restrictions on flights within a radius of one nautical mile and up to 2,080 feet around Palm Beach, a residence located near the airport. FAA: The U.S. Secret Service requested the restrictions, citing negative threat intelligence. They said that the measures would "greatly enhance the ability to mitigate the persistent risk posed by unmanned aircraft and unauthorized aircraft systems." FAA places expanded restrictions on travel...
Passenger Transportation Services
Deep-sea Team joins Search for Missing in Cyprus Ferry Disaster
A Turkish specialist team equipped with deep-water search equipment began work on Tuesday in order to locate the wreckage of the ferry that capsized on Sunday off Northern Cyprus, leaving 20 people missing. Eight people were killed when the twin-hulled vessel began taking in water shortly after it left the port of Kyrenia. It had 267 passengers on board. The Turkish navy's rescue vessel has a remotely controlled vehicle that can search deep waters where the ferry went down, four nautical miles off the coast. This was just minutes after the ship set off to the town of Tasucu, in...
Passenger Transportation Services
Deep-sea search team helps in Cyprus ferry disaster
A team of specialists equipped to search in deep waters is due to arrive on Tuesday from Turkey as emergency crews continue their efforts to locate 20 people who are missing after a ferry capsized near northern Cyprus. Eight people were killed when the double-hulled ship began taking in water, and flipped over shortly after it left the port of Kyrenia with 267 passengers on board. Boats in the area picked up survivors who clung to a part of the overturned hull. However, some reports suggest that passengers could have been trapped in compartments as the boat flipped. Missing children...
Passenger Transportation Services
Kenyan aviation workers end strike disrupting flights, officials claim
Kenyan aviation?workers have called off a strike which disrupted flights in the country's main international airport and other airports. Transport Minister Davis Chirchir, and Aviation Workers Union head Moss Ndiema announced this on Tuesday. The strike by air traffic controllers, mainly on Sunday and Monday, caused several delays at the main Jomo Kenyatta International Airport. In a joint statement, they stated that the?union, airport and civil aviation authorities and low-cost carrier Jambojet had signed a?return to work agreement to end the strikes while negotiations continue on all outstanding issues. Chirchir stated on Tuesday that "we have examined various?issues...with very clear...
Passenger Transportation Services
Sources say that India's Fly91 is close to ordering 20 ATR turboprops.
Three sources with knowledge of the matter have confirmed that Fly91, an Indian regional airline, is on its way to ordering at least 20 turboprops from ATR in order to expand its fleet. The deal represents a significant wager on the Indian regional aviation market, where the government is trying to connect dozens of smaller towns through a "subsidised connectivity scheme", despite the fact that many routes have already been discontinued. Two sources said that the order could include options to purchase several additional aircraft. Two sources said that an announcement could come as soon as this week. ATR's spokesperson...
Passenger Transportation Services
Ground crews at Qantas Airways in Australia vote to strike over "rock-bottom" pay
Ground crew members at Australia's biggest airline, Qantas Airways voted on Monday for strike action due to pay and conditions. The 'Transport Workers Union' said that 97% of the 350 workers who voted supported a?industrial action?, including work stops?ranging from an hour to 24 hours. A strike date has not been announced. Before taking industrial action, the union must give at least three days' notice. Michael Kaine, national secretary of the union, said that although ground workers didn't want strike, after falsely being promised by this airline that they would be treated with respect, there was no other option. The...
Passenger Marine Transportation
Mother tells of daughter's disappearance in North Cyprus ferry disaster
Ayten Bicer felt her daughter, 12, slip from her hand and 'disappear' as a ferry capsized near northern Cyprus on Sunday. At least eight people were killed. Search teams were still looking for survivors Monday in the waters of more than 500 metres (1.640 feet) depth. Her daughter Miray and her 6-year-old Mehmet asaf were two of nearly 20 people who remain missing. "She said, 'Don’t let go.' And I did not let go of my child. I swear, I didn't let her go," Ayten Bicer sobbed. The girl was thrown from her grip when a suitcase fell on her....
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...