Central America

Ground Freight & Logistics

Why Canada is on the brink of an unmatched rail labor interruption

For the very first time, Canada's. two primary train business Canadian National Train. and Canadian Pacific Kansas City are on the edge of a. simultaneous labor blockage that could cause billions of. dollars' worth of economic damage. WHY ARE BOTH BUSINESS POISED TO STOP? Contract talks in between the Teamsters union and the business. generally take place a year apart, but in 2022, after the federal. federal government presented new guidelines on tiredness, CN requested a. year-long extension to its existing deal rather than negotiate a. new one. This implied both business' labor arrangements ended at the. end of 2023...

Transport Infrastructure

Turkey's Yilport to invest $1.6 billion in El Salvador ports

Turkish holding business Yilport will invest an expected $1.62 billion to broaden two ports in El Salvador and operate them collectively with the local port authority, the federal government of the Central American nation said. Salvadoran President Nayib Bukele, in a post on X on Sunday evening, said the investment is part of his broader financial revitalization strategy. Yilport, which likewise operates ports in Guatemala, Ecuador, Peru and in Europe, is set to invest to triple capability at Acajutla, El Salvador's greatest port. It will also invest to upgrade La Union, a port in the east of the country which...

Passenger Transportation Services

Panama orders vindictive aviation procedure against Venezuela

Panama's civil air travel authority has actually been purchased to use a retaliation step versus Venezuela starting from Wednesday night, a cabinet spokesperson stated on Tuesday without providing additional details. WHY IT'S IMPORTANT Venezuelan President Nicolas Maduro revealed he had won a. third term soon after midnight on Monday, however the opposition,. independent pollsters and numerous global leaders have. called the result implausible. Panama has because suspended its diplomatic relations with. Venezuela and announced it will withdraw its diplomatic. workers until a complete review of the disputed vote is performed. The order follows an occurrence in which a plane leaving....

Transport Infrastructure

Freeport LNG in Texas resumes exports as gas processing ramps up

The United States' second largest liquefied natural gas exporter Freeport LNG has actually resumed shipments after shutting operations ahead of Typhoon Beryl, with processing on track to reach about half its capability on Monday, preliminary LSEG information showed. Beryl struck the Texas coast on July 8, triggering damage to ports and energy facilities and leaving more than 2 million consumers without power. Freeport LNG, which shut its three liquefaction trains on July 7 and later reported wind damage, has had a slow operational reboot because. The Marshall Islands-flagged tanker Axios II left one of Freeport LNG's berths over the weekend...

Transport Infrastructure

Freeport LNG in Texas resumes exports as gas processing increases

The U.S.' 2nd largest liquefied gas exporter Freeport LNG has actually resumed deliveries after shutting operations ahead of Cyclone Beryl, with processing on track to reach about half its capability on Monday, according to initial LSEG data. Beryl struck the Texas coast on July 8, triggering damage to ports and energy infrastructure and leaving more than 2 million consumers without power. Freeport LNG, which shut its three liquefaction trains on July 7 and later reported wind damage, has had a sluggish operational restart considering that. The Marshall Islands-flagged tanker Axios II left one of Freeport LNG's berths over the weekend...

LNG Transportation

Texas tanker traffic jam grows on sluggish Freeport LNG reboot after Beryl

The variety of liquefied gas (LNG) tankers waiting to load at Freeport LNG in Texas has actually increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Typhoon Beryl's. landfall recently, according to delivering data on Thursday. Beryl made landfall on July 8 near Matagorda, on the Texas. coast, lashing the state with 80-mph (130-kph) winds that caused. facilities damages and left more than 2 million clients. without electricity for days. Ports and energy business in lots of coastal cities, including. Freeport, suffered wind damage and sluggish repair of power. Freeport LNG, which shut its...

Transportation

US imports of Canadian unrefined hits record high following TMX startup

U.S. imports of crude oil from Canada rose last week to its highest on record, data from the Energy Info Administration showed on Wednesday, buoyed by the start-up of the freshly expanded Trans Mountain (TMX) pipeline. Imports increased by 807,000 barrels per day (bpd) to 4.4 million bpd in the week to July 12, the largest gain considering that March 2023, according to the data. The $24.84 billion (C$ 34 billion) Trans Mountain growth began operations in May and has actually nearly tripled shipping capacity to Canada's Pacific Coast to 890,000 bpd. The majority of the oil being shipped via...