Transport Infrastructure

Malaysia Aviation Group (Malaysia Airlines' parent company) reported on Thursday a net income of 54 million Ringgit ($12.24million) for the 2024 financial period. Malaysia Airlines is still struggling to recover two deadly disasters In 2014, the airline temporarily reduced its capacity by 18% last year after it was You can find out more about it here The Malaysian civil aviation authority found several safety and maintenance problems. Izham Ismail, MAG's managing director, told a press briefing that despite the capacity cuts the passenger traffic remained strong in the premium segment. Both the passengers and the cargo segments had higher load...

CSX, the railroad operator, reported revenue and profit for its first quarter below Wall Street expectations on Wednesday. Gains in intermodal revenue were offset by a drop in coal revenue as well as a fuel surcharge. The demand for coal has been hindered by the switch to natural gas, which is cheaper. However, this trend will change now that President Donald Trump signed an executive order earlier this month to increase coal production. In a press release, CEO Joe Hinrichs stated that "CSX experienced operational challenges at the beginning of the year which contributed to results in the first quarter...

Port of Corpus Christi reported on Wednesday that it had recorded the highest first quarter ever for freight movements through its shipping channel by 2025. This was due to increased oil and LNG shipments. For the first time, the port and its clients moved more than 50 million tonnes of cargo through the Corpus Christi Ship Channel. The Port of Corpus Christi, the third largest port in the United States in terms of total waterborne tons, is strategically located on the western side of the Gulf of Mexico and serves as a major gateway for international and domestic maritime trade....

The role of a fast attack sub is so dynamic, everything can change on a dime," U.S. Navy commander Jeffrey Corneille told reporters in March on board the nuclear-powered USS Minnesota off the coasts of Western Australia. Corneille, the captain of the ship, said, "We will leave as soon as my boss tells us to." The letter, which was written in 2018, by the U.S. Secretary of Defence is displayed on the wall in Minnesota. It expresses gratitude for the intelligence gathering and anti-submarine warfare in Europe. Corneille stated that it is important to give adversaries pause for consideration "not...

The Australian Competition Watchdog stated on Thursday that it was not against Qube's acquisition of Melbourne International RoRo & Auto Terminal, subject to certain undertakings from the company. In October of last year, the Australian Competition and Consumer Commission warned that a potential deal between Qube and Melbourne's RoRo Terminal could have a major impact on downstream services. After careful consideration, we accepted the undertaking. "In the unique circumstance of this transaction where there are already similar undertakings in other ports and where MIRRAT is already subjected to an undertaking because it is vertically integrated with shipping," ACCC chair Gina...

Three sources familiar with this matter say that U.S. president Donald Trump will sign an executive directive on Wednesday, aiming to re-energize U.S. shipbuilding while reducing China's hold on the global shipping sector. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The draft executive order, seen by the, states that the U.S. will charge docking fees to any ship in a fleet of Chinese-built or Chinese flagged vessels. It also threatens to retaliate against allies who do not follow suit. Sources who declined to...

A diplomatic note stated that the United States had withdrawn from London talks on decarbonisation of shipping and Washington would consider "reciprocal actions" to offset any fees assessed to U.S. vessels. This week, delegates are meeting at the UN Shipping Agency's headquarters to discuss decarbonisation measures that will enable the shipping industry worldwide to achieve net zero emissions by "around 2020". A proposal submitted by a group of countries, including the European Union to the UN International Maritime Organization was aimed at reaching agreement on the first carbon levy in shipping for greenhouse gas (GHG). The United States has sent...

A diplomatic note stated that the United States had withdrawn from London's talks on decarbonisation of shipping and Washington would consider "reciprocal" measures to offset any fees levied to U.S. vessels. This week, delegates are in the UN Shipping Agency's headquarters for discussions on decarbonisation initiatives aimed at helping the shipping industry reach net zero emissions by "around 2020". A proposal submitted by a group of countries, including the European Union to the UN International Maritime Organization was aimed at reaching agreement on the first carbon levy in shipping for greenhouse gas (GHG). The United States has sent a diplomatic...

Abiove, the traders' association, and a toll-road operator announced on Tuesday that indigenous Brazilian protesters had lifted their blockade of Brazil's Trans-Amazonian Highway. This reopened a vital grain shipping route connecting farmers to the Miritituba River Port. On March 25, Munduruku activists shut down the road (also known as BR-230) to pressure Brazil's Supreme Court into overturning a law that limits indigenous land rights in 2023. Grain traders reported that the protests prevented the shipment of around 70 000 metric tons worth nearly $30 million of grains every day. Abiove reported that it had learned on Tuesday morning the indigenous...

Barrick Gold’s Reko Diq gold and copper project in Pakistan plans to secure up to $2 billion from international lenders. Term sheets will be signed in early Q3, according the project director of the mine. The funding will be used to support the development and expansion of Reko Diq, one of the largest copper-gold deposits in the world. It is expected that the mine can generate free cash flows of $70 billion, as well as operating cash flows of $90 billion. The project is jointly owned by Barrick Gold, the government of Pakistan, and the government of Balochistan. Multiple lenders...

Since the invasion of Ukraine by Russia in 2022, Germany has sought to import liquefied gas (LNG), to replace Russian gas piped to Germany. The first step was to deploy floating storage units (FSRUs), which receive seaborne LNG. Longer term, it planned shore-based regasification facilities and terminals to import and manufacture ammonia and clean hydrogen. Here are the latest updates: MUKRAN Gascade's OAL pipeline supplies the terminal on Ruegen Island in Baltic Sea with LNG. The private operator Deutsche ReGas began a three-month bid round on April 4 to expand Mukran’s long-term capacity for regasification by offering 5 bcm extra...

On Friday, the Panama Canal Authority announced that it had authorized the bidding for a new pipeline to transport liquefied gas (LPG), across the interoceanic watersway. The planning for projects to increase the capacity of the trans-shipment and storing of goods has increased since the Panama Supreme Court ruled last year that areas near the Canal should be returned to the Panamanian administration. The pipeline will allow LPG vessels discharge at one end while other tankers pick up cargo at the opposite end. This will reduce the traffic of vessels on the waterway. Japan's purchase The project will help to...

Cofco International, The building is constructing its biggest export port Terminal in the World in Brazil said Tuesday that China's state run food group is hiring dozens of people in South America's farm powerhouse. The move highlights the importance of Brazil for the company in the midst of an escalating trade war between the United States of America and China. This tends to increase sales of agricultural products such as soybeans from South American to Asian nations. Cofco's hiring spree in Brazil also comes as U.S.-headquartered competitors like Archer-Daniels-Midland Co and Cargill cut costs and headcount worldwide. Cofco responded to...

According to an agreement reviewed by, China and Vietnam agreed to begin feasibility studies on two new lines during Chinese President Xi Jinping’s visit to Hanoi last week. Both neighbours have been talking about upgrading two railways built by France more than 100 years ago and developing a third direct connection along their adjacent coast. In response to growing concern over U.S. Tariffs, Xi urged Vietnam Monday to strengthen its supply chains. Components made in China are often assembled before they are exported in the north of Vietnam. To Lam, Vietnam's top leader, said that the construction of three railways...

Bloomberg News, citing sources familiar with the situation, reported that Gianluigi Aponte, an Italian billionaire, is the main investor in a group looking to purchase 43 ports from the conglomerate CK Hutchison. Bloomberg reported that the Terminal Investment Ltd. (TIL) of the Aponte family, which according to their website manages a portfolio of diverse container terminals, will become the sole owner of the ports after the deal has been completed. Two of the ports in Panama would then be controlled by BlackRock Inc. BlackRock Global Infrastructure Partners, a subsidiary of BlackRock, will own 51% and TIL the remainder of the...

The Santos Port Authority in Brazil, which manages the largest southern hemisphere port, has said that the port's draft will be deepened in order to attract larger ships in coming years. Beto Mendes (director of port operations) said that the goal is to increase the draft from 16 to 17 meters by 2031. Attracting larger ships would allow Brazil's commercial ties to be strengthened with partners like China, who is currently in a trade conflict with the United States. Mendes stated during a presentation that "we need to be ready." Santos will see an increase in shipping volumes as a...

On Wednesday, U.S. president Donald Trump signed an Executive Order aimed at revitalizing U.S. Shipbuilding and reducing China’s grip on global shipping. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The order instructs the U.S. trade representative to proceed with a plan, which includes charging U.S. docking fees for any ship in a fleet of vessels that are Chinese-built or Chinese flagged. Allies will also be encouraged to follow suit. The Department of Homeland Security is also required to enforce the collection of Harbor...

The Panamanian authorities are auditing a contract that was signed by CK Hutchison, a Hong Kong-based company, and it has stated on Wednesday that the company invested $1.7 billion into two ports near the Panama Canal. This is more than the contract stipulated. Panama Ports Company, in which CK Hutchison holds a 90% stake and has a 25-year concession to operate the Balboa & Cristobal Ports was renewed in 2021. In January, the Panamanian government began an audit of this contract. This could complicate matters. high-profile deal A group led by the U.S. investment company BlackRock has acquired the majority...

Six sources claim that the Trump administration may soften its proposed fee for China-linked vessels visiting U.S. port after receiving a lot of negative feedback. The industries said it could be financially devastating. Six sources familiar with the issue said that the six changes being considered include a delayed implementation as well as new fee structures aimed at reducing the cost of visiting Chinese vessels. Sources asked to remain anonymous due to the sensitive nature of the subject. The White House, and the Office of the U.S. Trade Representative(USTR), the government agency involved in the draft of the proposal, have...

Data from trade sources and calculations show that oil loadings in Russia's western port over the period April 1-15 will fall by 125,000 barrels a day (bpd), compared to the same period last March, to around 1.86 million bpd. Calculations showed that the daily decline in exports and transits of Urals, KEBCO, and Siberian Light grades of oil from Primorsk to Ust-Luga, Novorossiisk and Novorossiisk during the first 15 April days will be 6%. As some refineries are undergoing repairs following drone attacks in March and February, Russia's oil output in April may fall below the March level. This means...

The Panama Comptroller's General Office will sue officials who approved the renewal of a port concession for 25 years to a company headed by CK Hutchison. This is because a major audit of the contract should be finished soon. Panama Ports Company, a company owned by Hong Kong's CK Hutchison, has renewed its contract with the Balboa & Cristobal Ports near the Panama Canal until 2021. Panamanian officials began the audit process in January. In March, a group led U.S. investment company BlackRock announced a deal worth $22.8 billion to purchase the majority of CK Hutchison’s global ports business, including...

The Prime Minister Anthony Albanese announced on Friday that his government is working on a proposal for Australian superannuation companies to purchase the strategically located Darwin Port from its Chinese owner, on grounds of national interest. In 2015, then-President Barack Obama criticized the sale of the port commercial on a 99 year lease to the Chinese company Landbridge. In the north of the city, around 2,000 U.S. Marines train for six months a year. Albanese stated in an interview with ABC Darwin Friday evening that "we want it in Australian hands". He said that he preferred that the money be...

The data and calculations provided by sources in the trade industry showed that oil loadings at Russia's western port over the period April 1-8 will increase by 90,000 barrels a day (bpd), compared to the same period last March, to reach around 1.7 million bpd. Calculations showed that the exports and transits of Urals, KEBCO, and Siberian Light grades of oil from Primorsk to Ust-Luga, Novorossiisk and Novorossiisk will increase by 6% per day from March 1-8. Calculations based on three sources show that Russia's daily oil output from its western ports is set to increase by 100,000 barrels a...

In a post that was removed minutes later, the Chinese state media attacked Hong Kong's conglomerate CK Hutchison for its plan to sell ports near the Panama Canal in a BlackRock group. The account of state broadcaster CCTV on social media said that China had important national interests in this transaction, and that the sale was "equivalent to giving a knife to a rival." The post Yuyuantantian made on the social media platform Weibo said that CK Hutchison, as a Hong Kong-based company, should be cautious about its dealings, which could damage China's interests. The post disappeared minutes after it...