By the Numbers
EIA revises global liquid fuels demand growth down because of the coronavirus
AJOT | February 19, 2020 | Energy | Conventional | By The Numbers
In the February 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, 1.0 million b/d more than the 2019 average but 378,000 b/d less than was forecast in the January 2020 edition of the STEO.
ATA Truck Tonnage Index Rose 0.1% in January
AJOT | February 18, 2020 | Intermodal | Trucking | By The Numbers
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.1% in January after rising 0.5% in December. In January, the index equaled 117.4 (2015=100) compared with 117.3 in December.
[Freightos:Coronavirus uncertainty continues as recovery is slow
AJOT | February 18, 2020 | Maritime | Liner Shipping | By The Numbers
The effects of the coronavirus outbreak continued to reverberate across the global supply chain this week, as China took its first but slow steps back to work and uncertainty persists throughout the industry.
Guyana-Suriname Basin poised for upgrade while oil firms prep to splurge billions on Stabroek
AJOT | February 14, 2020 | Energy | Conventional | By The Numbers
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.
Natural gas prices fall to lowest level since 2016, the lowest February prices in 20 years
AJOT | February 14, 2020 | Energy | Conventional | By The Numbers
This winter, natural gas prices have been at their lowest levels in decades. On Monday, February 10, the near-month natural gas futures price at the New York Mercantile Exchange (NYMEX) closed at $1.77 per million British thermal units (MMBtu).
FTR Trucking Conditions Index Takes Bump Up in December
AJOT | February 14, 2020 | Intermodal | Trucking | By The Numbers
FTR’s Trucking Conditions Index (TCI) rose to 3.02 in December on improved freight demand and spot rates. The December reading is the highest since January 2019 and the first positive reading since 0.28 in July. FTR expects the TCI to return to readings closer to neutral conditions before improving modestly in the second half of 2020.
Coronavirus causes China Crude disruption
AJOT | February 14, 2020 | Maritime | By The Numbers
Using satellite tracking technology, VesselsValue has compared China's real time demand for seaborne crude oil from the Middle East in recent weeks against the same period last year.
Virginia loaded exports begin slight rebound with trade agreement
AJOT | February 10, 2020 | Ports & Terminals | Ports | By The Numbers
The Port of Virginia’s loaded export cargo volumes grew nearly 2 percent as agricultural products are beginning to flow again to China as a result of the lifting of the trade tariffs in mid-January.
The Port of Barcelona closed FY 2019 with turnover of € 172 million
AJOT | February 10, 2020 | Ports & Terminals | Ports | By The Numbers
The € 97 million in cash flow enables Port of Barcelona to successfully meet its future challenges and investment needs
Most of world’s top 30 high-impact wells for 2020 seen in Africa and the Americas
AJOT | February 05, 2020 | Energy | By The Numbers
Although 2019 was a disappointing year in terms of high-impact well (HIW) drilling in the oil and gas sector, comparatively stable market conditions are favoring new exploration activity in 2020 for areas that combine high risk and high rewards.
New gas find set to boost UAE energy sufficiency but imports still needed
AJOT | February 05, 2020 | Energy | By The Numbers
A new gas discovery in the United Arab Emirates (UAE), which local officials estimate to be holding about 80 trillion cubic feet of gas, will boost the country’s supplies, but more discoveries are needed to reach a goal of becoming net gas exporter by 2030, a Rystad Energy analysis shows.
Sawlog prices fell in 2019
AJOT | February 05, 2020 | International Trade | By The Numbers
Sawlog prices fell throughout the world in 2019 with European prices declining the most, resulting in a more competitive sawmilling sector in Central and Northern Europe, reports the WRQ
Coal-fired electricity generation in New England and New York has diminished
AJOT | February 04, 2020 | Energy | By The Numbers
As many of the coal-fired power plants in New England and New York have either retired or switched fuels, the regions’ coal-fired electricity generation and coal consumption have fallen to near minimal levels.
Guyana’s GDP to skyrocket in coming years as oil output gathers momentum
AJOT | February 04, 2020 | Energy | By The Numbers
Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.
Vessels Value signals warning on tanker market
AJOT | February 04, 2020 | Maritime | Bulk | By The Numbers
After a positive autumn and winter, recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market. In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates.
Coronavirus, Chinese New Year, Asia to Europe prices increase
AJOT | February 03, 2020 | Air Cargo | Airlines | By The Numbers
Asia to Europe has seen a boost in TAC Index prices following pre-Lunar New Year volumes, Shanghai to Europe up 9.16%, Hong Kong to Europe up 1.43%, Shanghai to Amsterdam up 19.4%, Shanghai to London up 4.30%.
Drewry Port Throughput Indices
AJOT | January 22, 2020 | Maritime | Liner Shipping | By The Numbers
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide, representing over 75% of global volumes.
Drewry Maritime Financial Insight - January 2020
AJOT | January 22, 2020 | Maritime | Liner Shipping | By The Numbers
Lines will remain price-takers as the supply-demand fundamentals will work against them although they should be able to remain profitable as long as operating costs are kept in check.
ATA Truck Tonnage Index Increased 3.3% in 2019
AJOT | January 22, 2020 | Intermodal | Trucking | By The Numbers
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 3.3% in all of 2019, about half the annual gain in 2018 (6.7%), for the tenth straight annual increase.
The US is set to experience yet a new energy revolution: Offshore Wind
AJOT | January 21, 2020 | Energy | Alternative | By The Numbers
According to fresh research by Rystad Energy, installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s.
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