b'38American Journal ofTransportation ajot.com(CHANGERScontinued from(PROJECTScontinued from page 22) page 33)There are still substantial gaps in howPortMiamisplanninganddesignHWYH2O.COMto tie all the sustainability reportingstudiesforcarbonneutralizationof together, but 2024 will prove to be aon-portoperationsandthedevelop-year for major interest and investmentment of an inland cargo center, among on solutions in this space. other projects. These are just a few topics that theThe planning project will include industry giants will face in 2024.Thebothon-portandoff-portplanning manyglobalpressuresoverthelastand design for an optimized sequence five years have conditioned all indus- of services from seaport to and from tries that we rely on daily to be vigilantinlandport(s). Theprojectwillalso in staying ahead of the crisis. Whilehave design studies to achieve carbon therecontinuestobeglobalvolatil- neutralizationofon-portoperations, ity, our top importers, and exporters,development of an inland cargo center (as well as ocean carriers, NVOCCs,tohandle50%morecargovolume, rail providers, truckers/dray providers,anddeployinnovativetechnologies, and anyone else supporting the supplyincluding radio frequency identifica-chain)willcontinueastheyarethetion and the electrification of supply well trained athletes in our industry.Ifchain movements, which will reduce you want to see what 2024 and 2025the use of fossil fuel. have in store, watch what the impactMiamihasalsodeployedLNG players do in relationship/vendor man- bunkers. In March the MV Seaboard agement,sustainability,andtechnol- Blue, operated by Seaboard Marine, ogy investments. wasbunkeredatPortMiamiusing liquified natural gas (LNG) as a fuel.W I T HOOUURR N E WAANNDDShell, using its Q4000 bunker barge,I M P R O V E DGGAATTEEWWAAYY(OPTIMISTICcontinued fromfilledtheSeaboardBluewithLNGI N C E N T I V E ,TTHHEERREE HHAASSpage 22) prior to its inaugural southbound sail- N E V E RBBEEEENN AA BB E T T E RE T T E Rby stating in the Tracker, the ship- ing to Honduras and Guatemala.TheT I M ETTOO SSTTAARRTT SS PP PNNHHI I P I I GGping industry has rapidly adjusted by1,000 TEU vessel, was retrofitted inO NTTHHEE GGRREEAATT LL A K E Sadding extra vessels to its networks,2017 with the capability of running onW I T HHHWWYY HH OO A K E Sandhasreturnedtonormalweeklyboth LNG and diesel fuel. The vessel2ship arrivals. wastheworldsfirstcontainership There is no cast-in-concrete projec- convertedfromconventionaldiesel tion on how retailers and shippers willpropulsiontoLNG.ThisSunday, fare in 2024. As this story is written, thefor the first time, the Seaboard Blue NRF released its annual survey on Val- calledPortMiamihomeandjoined entines Day spending this year.NRFthe Seaboard Marines North Central PresidentandCEOMatthewShayAmerica service. said,totalspendingonsignificantMiami in May of 2023 also added others for this holiday is expected toa new service to its portfolio of box-moorreeiinnffoorrmmaattiioonn::reach a record $14.2 billion. ship callers. Zims Colibri Xpress Ser- For mvice to South America. This service isE ail [email protected] premium line from South Americaem(NOTEScontinued from page 23) West Coast to the United States East makers were present in this years ver- Coast. Zim will deploy six 1,700 TEU sion. Nike at 8 thand Adidas 11 thpostedvesselswithincreasedcapacityfor 110,000 TEUs and 60,000 TEUs respec- refrigerated cargo.S&P Global Mobility. wherepowerdemandgrowthhas tively. Another top of the chart companyNissimYochai,EVP,ZIMUSJrmieBouchaud,itsdirector,surged over the past decade.Heineken10 th importednearly66,000President&HeadofLatin Americasemiconductor,E/EandautonomyAsiaisalsobyfarthelargest TEUs,almostthesameasin2021.Business Unit, said: Our new ZIMpractice, added: We do not foreseefossilfuel-consumingregioninthe As a group autos, auto parts and tiresColibriExpress(ZCX)linewaschip supply problems in 2024 as allo- powersector.Totalfossilgenera-represent the largest slice of the chart,designedrecognizingMiamiasacationforautomotiveisrobustandtionhasbeendecliningorstablein with26entries.MercedesBenzwascentral port serving the Latin Amer- is bolstered by recent stockpiling ofEurope, the Middle East and Africa, first in the category (13 thoverall) withicatrade.ZCXserviceisfocusingchips by the vehicle makers. But 2025andthe Americasinthattime.The over 57,000 TEUs, followed closely byon agility, efficiency, and reliability,could be a bottleneck if non-automo- share of fossil fuels is, however, still Michelin (14 th ) with over 54,000 TEUs,with special emphasis on refrigeratedtive demand comes back strongly. high across all regions, indicating that Continental Tire (17 th ) at 48,705 TEUscargo. The service will operate on aIf such an outcome does materialize,there is room for power-sector emis-and Yokohama (18 th ) with 47,249 TEUs.line calling on San Antonio (Chile),it is likely to give further impetus to thesion reductions across the globe, and AsinallyearstheimportersCallao(Peru),Guayaquil(Ecuador),near-shoringofmicrochipproductionRystadEnergyexpectstheshareof listedwithinthecharthavegreatCartagena(Colombia),Kingstondedicated to the automotive industry. renewables in the power mix to accel-variety,reflectingthevastarrayof(Jamaica),PhiladelphiaMiami,erate in years to come.commoditiesimportedintoNorthKingston(Jamaica)BuenaventuraEuropean power demand fell by America. Interestingly, many import- (Colombia),Guayaquil(Ecuador)(GROWTHcontinued from page 37) about 2.7 percent in 2023, the second ers posted better figures in 2022 thanCallao (Peru), San Antonio (Chile). onshoring.However,thisrequiresyear running with a significant decline 2021,albeitconsideringreportingbackward integration of supply chains,inpowerdemand.RystadEnergy changes. Already in this year, the datawith major plans for module manufac- expectsthistrendtoturnaroundin isreflectingtheinfluenceofinfla- (BACKDROPcontinued fromturing facilities, while earlier steps in2024witha2percentyear-on-year tion and higher interest rates. But aspage 35) the supply chain remain subdued. increase,fueledbyhigherindustrial therecessionarytrendslessenandfrom tier-1 and -2 suppliers. 2024isexpectedtobeanotherandresidentialdemandamidlower employmentfiguresremainstrong,While there are moves to set uprecord year for solar installations. Thepower prices, and further normaliza-2023 might turn out to be better thansemiconductorproductionplantsinnumber of projects added to Rystadtion in the power market.the recovery year of 2022.proximitytoautomakersfactoriesEnergys PowerCube projecting moreAverageyearlyEuropeanpower in Europe and the US, these facilitiesthan 500 GW. Offshore wind has alsoprices fell 59% in 2023, with strong will not be operational for some timeseen a surge in announced capacity inrenewables growth paired with falling (GULFcontinued from page 32) andOEMswillcontinuetodepend2023, but most of these projects arepower demand from both the indus-stevedoringdivision)inkedaleaseheavily on microchips for Asia. far out in time and very early in thetrial and residential sectors.agreementforapproximately2.0A near-term concern for automo- projectphaseandmanyoftheseContinued strong liquefied natural acresoflandwithconveyoraccesstiveproductionplantsallovertheprojectsmayneverbecommercial- gas, or LNG, imports, Global Power toBerth302fortheimportationofworld is that they could be impacted byized, Rystad noted Generation Mix and a robust supply of aggregateandothercommodities.a structural deficit in microchip capac- pipeline gas from Norway resulted in PangaeaLogisticsSolutions,Ltdisity, notably for older mature nodes. p eakC Oal a significant improvement in Europes apubliclytradedcompany(NASD:Therewastheoreticaloverca- With renewable energys contin- gas balance in 2023 and a large decline PANL)headquarteredinNewport,pacity in 2023 as demand from otherued expansion, Rystad Energy saw ainEuropeangasprices,whichfell RI, and established in 1996. Pangaeaindustrieseased,butthereremainskey milestone towards sustainabilityabout60%fromthethroughoutthe operates a fleet of 60-70 dry bulk ves- ariskthatconstraintscouldresur- reached in 2023: peak coal generation.year, reducing the average cost of gas-sels in the Supramax, Ultramax, Pana- face once demand from other sectorsHowever, coal demand is expected tofired generation by 46%. Coal use also max, and Post-Panamax classes, 25 ofrecovers,accordingtoautomotivesee only a slight decline as the carbonfell sharply, with the cost of generation which are owned. data, analysis and insights specialist,energyremainsindemandinAsia,falling 23%.'