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☆ What the Baltimore bridge collapse means for the US economy
▼ + stars: | 2024-03-27 | by ( George Glover | Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewThe collapse of the Francis Scott Key Bridge on Tuesday is a reminder that the economy remains vulnerable to sudden supply-chain shocks, experts say. Here's how the catastrophe could affect the economy, trade, and the city of Baltimore. "This event will have greater economic implications for the Baltimore economy than nationally," Oxford Economics' chief US economist Ryan Sweet said on Tuesday in a research note. The container ship Dali collided with a key bridge in Baltimore on Tuesday. The port of Baltimore is the busiest for "roll-on/roll-off" cargo, which includes cars, light trucks, and agricultural and construction equipment.

Persons: —, Francis Scott Key, Dali, Ryan Sweet, Michael A, McCoy, Sweet, Michael Tamvakis, Tamvakis, Ioannis Moutzouris, Moutzouris Organizations: Service, Business, Maersk, Oxford Economics, Washington Post, Getty, JPMorgan, International Monetary Fund, City , University, London's Bayes Business, Maxar, University of London Locations: Baltimore, Norfolk, New York, New Jersey, Suez

☆ Forget rust spots — handprints are the bigger headache for Tesla Cybertruck drivers
▼ + stars: | 2024-03-10 | by ( Erin Snodgrass | Grace Kay | ) www.businessinsider.com time to read: +9 min

Some Tesla Cybertruck owners noticed their new stainless steel vehicles have small rust specks. A few months after deliveries began, some members of a Cybertruck-owners forum started complaining about rust spots on the vehicle. After all, the Cybertruck is the first stainless steel vehicle to be produced since DMC made the stainless steel DeLorean and later halted production in 1982. The extra upkeep isn't entirely unexpected for experienced Tesla owners, many of whom have taken on the role of early adopters. If Tesla hits Musk's ambitious production targets for the Cybertruck, Tesla is likely to face less forgiving buyers, automotive analyst Ivan Drury told BI.

Persons: Tesla, —, You've, Donald Green, Wes Morrill, Elon Musk, Dennis Wang, didn't, Wang, Cybertruck, Morrill, Jay Larson, Larson, Win Cramer, we're, Cramer, Ivan Drury, Green Organizations: Service, Business, Facebook, DMC, DeLorean, YouTube, BI Locations: League City , Texas, Arizona, California

☆ Cybertruck engineer addresses claims the Tesla EVs rust in the rain
▼ + stars: | 2024-02-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

One owner even said they'd been warned when the truck was delivered that it could rust in the rain. "The advisor specifically mentioned the Cybertrucks develop orange rust marks in the rain and that required the vehicle to be buffed out," a member of the Cybertruck Owners Club forum wrote. Stainless is reactive and free iron that sits on it will rust," the Cybertruck engineer said. Demaree said the latter method appeared to do the trick but advised Cybertruck owners to be careful using the polish on the truck. Tesla delivered its first dozen on November 30, and several celebrities have been spotted with their own Cybertrucks in the months since.

Persons: —, Wes Morrill, they'd, Morrill, Tesla, Elon Musk, Justin Demaree, Guy, he'd, Demaree, It's Organizations: Service, Business, Cybertruck Owners, Tesla, YouTube, Delorean

☆ Shipping giant Maersk says Red Sea vessel diversions could extend into second half of 2024
▼ + stars: | 2024-02-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.

Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand

☆ Demand for shipments from China via rail through Russia has 'skyrocketed' since the Red Sea attacks
▼ + stars: | 2024-02-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +6 min

And — while it only represents a very small proportion of containers moved between the Far East and Europe — rail routes via Russia have seen an uptick in interest too. Rail through RussiaFirms have raised concerns about sending goods via rail through Russia, Sciglaite said. A train engine pulls carriages that started their journey in Yiwu, China into Barking rail freight terminal on January 18, 2017 in the U.K. Igor Tambaca, managing director of Rail Bridge Cargo, a Dutch logistics company, said China-Europe rail route bookings were up 37% over the past four weeks. Tambaca said the cost of sending one forty-foot container (FEU) from China to Europe via rail is currently around $7,900.

Persons: Liu Wenhua, Julija, RailGate, Hapag Lloyd, Sciglaite, Dan Kitwood, Igor Tambaca, Tambaca, Maria Magdalena Pavitsich, Pavitsich, Vladimir Putin, Davies Turner Organizations: China News Service, Getty, Air, CNBC, Rail, Cargo, OBB Rail Cargo Group, FEU, Initiative, British Locations: China, Europe, Russia, Manzhouli, Vietnam, Xeneta, East, European, Rotterdam, South Africa's, Ukraine, Yiwu, Barking, Kazakhstan, Belarus, Poland, Germany, Belgium, France, Red, Dutch, Turkey, Austrian, Asia, Xian, Chengdu, Suez, Africa, Moscow, Central Siberia, Beijing, Wuhan, Duisburg

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Love, James Brown, David Bowie, Ray Charles, –, they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, ”, “, ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU

☆ Russia's armored trains are a valuable tool with some big vulnerabilities
▼ + stars: | 2023-11-03 | by ( Hope Seck | Sandboxx News | ) www.businessinsider.com time to read: +8 min

Russia has used armored trains for military purposes for more than a century. Russia's use of armored trains for transport, mine-clearing, and resupply, however, has drawn particular scrutiny and criticism. Maksim Konstantinov/SOPA Images/LightRocket via Getty ImagesHowever, as details have emerged about these new armored transport trains used in Ukraine, observers have expressed bemusement. A video by the YouTube channel EngineerReact summarizes the primary problems with train warfare in the 21st century, calling Russia's armored trains "a terrible idea." "That was probably the best use of [military trains] in an offensive operation, in combat, in the recent wars," he said.

Persons: —, Vladimir Putin, luxuriously, trainspotter, Maksim Konstantinov, Richard Killblane, Scott Sturkol Killblane, Killblane, Taji, Jerome Bishop The, it's, there's Organizations: Service, Red Army, Russo, Museum of Russian Railways, Getty, YouTube, Ukraine's Territorial Defence Force, Army Special Forces, Army Transportation School, Army, US Army, Jerome Bishop The US Army, 757th Expeditionary Railway Center Locations: Russia, Ukraine, United States, Japanese, Germany, Soviet Union, Afghanistan, Russian, St . Petersburg, McCoy, Wisconsin, Iraq, Mosul, Taji, Sadr

That fell to 21-22 million tonnes by 2021, and after Russia invaded last year, output hit 6.3 million in 2022. But even with consumption nearly doubling to 2.6 million tonnes between January and September, that is not enough to sustain a sector that used to export four fifths of its output. Zaporizhstal expects to export two thirds of its 2.4-2.5 million tonnes of iron ore and rolled steel production in 2023. Before the invasion, output was 4.2 million tonnes a year. "We can say that blackouts last winter (reduced) steel production by two to three times," Zinchenko said, citing production data for the months when blackouts were most regular.

Persons: Oleksandr Ratushniak, ZAPORIZHZHIA, Roman Slobodianiuk, Ukraine's, Oleksandr Kalenkov, Slobodianiuk, Stanislav Zinchenko, Medkov, Oleksandr Yasunas, Zinchenko, Mike Collett, White, Barbara Lewis Organizations: Steel, REUTERS, Staff, Reuters, GMK, Thomson Locations: Ukraine, Zaporizhzhia, Russia, Soviet, Ukrainian, Mariupol, Europe, Odesa, Kyiv, Romania, Bulgaria, Turkey, Russian

☆ Migrants aboard Mexico cargo trains stranded miles from U.S. border
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +3 min

[1/2] Migrants travelling by train to Ciudad Juarez in an attempt to reach the United States, wait near train wagons while being stranded near Villa Ahumada, in the state of Chihuahua, Mexico September 29, 2023. Sixty northbound cargo trains run by Mexico's Ferromex were stopped last week, after about half a dozen migrants suffered death or injury. Grupo Mexico, which owns Ferromex, could not immediately be reached about the sudden train stoppage with migrants aboard near Villa Ahumada. Meanwhile, further east, in the border city of Piedras Negras that sits opposite Eagle Pass, Texas, Venezuelan migrant Jose Julian said on Friday he had similarly been stranded while traveling aboard the cargo trains. For years, migrants trying to reach the United States have crisscrossed Mexico on cargo trains.

Persons: Jose Luis Gonzalez, VILLA, Sasha Pacheco, we're, Mexico's Ferromex, Villa Ahumada, Marlon Vera, who'd, Jose Julian, Daniel Becerril, Isabel Woodford, Kylie Madry, Valentine Hilaire, Michael Perry Organizations: REUTERS, Grupo Mexico, Reuters, Thomson Locations: Ciudad Juarez, United States, Villa Ahumada, Chihuahua, Mexico, PIEDRAS NEGRAS, U.S, Mexican, Piedras Negras, , Texas, Monterrey, Torreon, Rio, Villa, Mexico City

☆ Trade between Russia and China is booming so much that shipping containers are ‘piling up’
▼ + stars: | 2023-09-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

CNN —Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found. Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report released Thursday, citing information provided by a customer. “There is significant cargo movement from China into Russia but very scarce movement back to China from Russia. Containers are piling up in Russia which means that the secondhand container prices are very low in Russia,” CEO Christian Roeloffs said in the report. The type of goods exchanged is contributing to the surplus of shipping containers in Russia, according to Container xChange.

Persons: Christian Roeloffs, Vladimir Putin, Xi Jinping Organizations: CNN — Shipping, xChange, Imports, Organization of, Petroleum, International Energy Agency Locations: China, Russia, Ukraine, United States, Moscow, West, Beijing, India, Asia

☆ China has poured billions into Africa’s infrastructure. Is it now tightening the tap?
▼ + stars: | 2023-09-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

The impact of those funds is felt across Africa, where residents in major cities like Lagos, Nairobi and Addis Ababa now transit daily via railways, highways and airports built in recent years with Chinese loans and often by Chinese construction firms. But understanding how much money is flowing out of China into global development is notoriously tricky as Beijing doesn’t share this data openly and a wide range of financial entities play roles. How all this plays out could have a significant impact on developing countries’ access to much-needed infrastructure funding. China is also navigating the second decade of the Belt and Road amid stark economic challenges at home. China in 2017 released guidance on promoting a “green” Belt and Road, which called for sustainable development and strengthening environmental protection.

Persons: laud, Xi, Roberto Matchissa, Oyintarelado Moses, ”, Moses, Ammar A, Malik, “, Austin Strange, Yasuyoshi Chiba, AidData’s Malik, HKU’s Organizations: Hong Kong CNN, Initiative, Boston University Global Development, Center, Getty, CNN, Global China Initiative, Global Development Policy, William, Mary’s Global Research Institute, University of Hong, Global Development Locations: China, Hong Kong, Africa, Beijing, Lagos, Nairobi, Addis Ababa, Ukraine, Maputo, Katembe, Mozambique, AFP, Kazakhstan, Zambia, Ghana, University of Hong Kong, Kenya, United States, China’s

☆ Russia faces domestic fuel crunch, braces for more shortages
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +4 min

Traders said that the fuel market has been hit by a combination of different factors including maintenance at oil refineries, infrastructure bottlenecks on railways and the weaker rouble which incentivises fuel exports. Russian Deputy Prime Minister Alexander Novak said on Wednesday that there were no fuel shortages. FUEL CRUNCHTraders said the shortages on the retail market followed by a sharp rise of wholesales prices. The state caps the retail prices, ordering the sellers to raise prices of gasoline and diesel only in line with official inflation. For the past two months commodity exchange diesel prices jumped on average by more than a quarter to 67,000 roubles ($700) per ton.

Persons: Alexander Natruskin, Alexander Novak, Andrei Neduzhko, Vladimir Soldatkin, Guy Faulconbridge, David Evans Organizations: REUTERS, Reuters, Traders, Kremlin, CRUNCH Traders, Industry, Wholesale, Russian Railways, Thomson Locations: Moscow, MOSCOW, Russia, Russia's, Krasnodar region, Adygea, Astrakhan, Samara, Russian, Rostov, Krasnodar, Stavropol

The new aid package, which was first reported by Reuters, will include for the first time U.S. furnished Black Hornet surveillance drones made by Teledyne FLIR Defense, part of Teledyne Technologies (TDY.N). The Norwegian-built Hornet is being used in Ukraine through donations by the British and Norwegian governments, the company said. More than $43 billion in U.S. military aid has been provided since Russia's invasion in 2022. Commenting on the aid announcement, Secretary of State Antony Blinken noted Russia's attacks on Ukraine ports and Ukrainian infrastructure since withdrawing from the Black Sea Grain Initiative last week. The Black Sea grain deal was brokered by the United Nations and Turkey a year ago to combat a global food crisis worsened by Russia's invasion.

Persons: Russia grinds, Antony Blinken, Blinken, Mike Stone, Patricia Zengerle, Ismail Shakil, Katharine Jackson, Matthew Lewis, Grant McCool Organizations: U.S . Department of Defense, Ukraine, Reuters, Teledyne FLIR Defense, Teledyne Technologies, British, Systems, U.S . Army, Patriot, Air Missile Systems, High Mobility Artillery Rocket Systems, Stryker, Carriers, Authority, United, European Union, Thomson Locations: Russia, Norwegian, Ukraine, United States, United Nations, Turkey, Britain, Washington, Ottawa

☆ NATO reaches back to Cold War past with first major defense plans
▼ + stars: | 2023-05-18 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

[1/6] The Chair of the NATO Military Committee, Admiral Rob Bauer listens during an interview in Tallinn, Estonia September 16, 2022. By outlining what it calls its regional plans, NATO will also give nations guidance on how to upgrade their forces and logistics. Finland's accession last month has alone doubled NATO's border with Russia to some 2,500 km, forcing a more flexible approach to deployments than in the past, when Germany was seen as the main battlezone. "We don't envision the type of war that the Cold War was, where allied forces ... would be hit simultaneous with large-scale Warsaw Pact attacks," he said, pointing rather to regionalised conflicts that needed to be contained by quick force deployments. NATO agreed in 2022 to put 300,000 troops on high alert, up from 40,000 in the past.

☆ NATO reaches back to Cold War past with first major defence plans in decades
▼ + stars: | 2023-05-18 | by ( Sabine Siebold | ) www.reuters.com time to read: +5 min

☆ Russia's Putin and Iran's Raisi oversee railway deal signing
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: 1 min

MOSCOW, May 17 (Reuters) - Russian President Vladimir Putin and his Iranian counterpart Ebrahim Raisi on Wednesday oversaw, via video-link, the signing of a deal on financing and construction of an Iranian railway line to facilitate regional trade. The Rasht-Astara railway is seen as an important link in the broader international North–South Transport Corridor, connecting India, Iran, Russia, Azerbaijan and other countries via railways and sea. Reporting by Vladimir Soldatkin; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

☆ Europe is trying to move from planes to trains. Here's how that's going
▼ + stars: | 2023-03-07 | by ( Miquel Ros | ) edition.cnn.com time to read: +11 min

Aviation emissions in Europe increased an average of 5% year-on-year between 2013 and 2019, according to the EU. Not surprisingly these moves have set alarm bells ringing in the aviation industry. “For many decision-makers, banning short-haul flights and showing support to the rail industry is an easy win to gain favor with the public, especially in Europe,” Montserrat Barriga, the ERA’s director general, told CNN. “Governments continue ignoring the biggest source of aviation emissions – long-haul flights, that remain unpriced and unregulated,” says T&E’s Dardenne. Better connectivity between intercity rail and airports would also reduce the need for short-haul flights.

☆ High-speed train from Las Vegas to Los Angeles in the works after Brightline reaches agreement with unions on $10 billion project
▼ + stars: | 2023-03-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Brightline announced a deal with rail unions to build a 218-mile, high-speed line from Las Vegas to Los Angeles. The company plans to connect Las Vegas to Southern California via rail capable of traveling 200 mph. A Las Vegas tourism website estimates that a trip from Los Angeles to Las Vegas by car takes an average of four hours, depending on traffic conditions. The rail line is set to run from Las Vegas to Los Angeles, according to the company's website. The press release said the rail line will have stops in Rancho Cucamonga, Apple Valley, and Hesperia, California.

☆ I compared the best business-class trains I've ever taken in Canada and Italy, and my favorite cost half the price
▼ + stars: | 2023-01-29 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I recently traveled by train in business class in two countries to see how they compared: a Via Rail train in Canada and a Trenitalia train in Italy. The author rides in business class on trains in Canada (L) and Italy (R). Later that week, I took a 6-hour Via Rail business-class ride in Canada from Toronto to Montréal. Two months later, I took a 4-hour Trenitalia business-class ride in Italy from Venice to Rome during a two-week train trip through Europe. So, I decided to compare my train trips in Canada and Italy to figure out which country offered the best business-class experience.

☆ As fighting rages in Ukraine, the US is sending drones to keep an eye on another tense corner of Europe
▼ + stars: | 2023-01-25 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

US Air Force MQ-9 Reaper drones deployed to Greece during the final weeks of 2022. Operating from Larissa air base, the drones will keep an eye NATO's borders in southeastern Europe. The deployment comes as NATO grapples with the war in Ukraine and with tensions between Turkey and Greece. Predator in the skiesUS Air Force airmen do pre-flight checks on an MQ-9 at Andersen Air Force Base in Guam in May. A US Air Force F-15C at Larissa Air Base in May 2021.

☆ Chinese pray for health in Lunar New Year as COVID death toll rises
▼ + stars: | 2023-01-22 | by ( Alessandro Diviggiano | ) www.reuters.com time to read: +3 min

One Beijing resident said she wished the year of the rabbit will bring "health to everyone". "I think this wave of the pandemic is gone," said the 57-year-old, who only gave her last name, Fang. Chinese health experts say the wave of infections across the country has already peaked. The death count reported by Chinese authorities excludes those who died at home, and some doctors have said they are discouraged from putting COVID on death certificates. The possibility of a big COVID rebound in China over the next two or three months is remote as 80% of people have been infected, Wu said.

And a freight rail strike could cost the US economy $1 billion in its first week alone, according to a new analysis from the Anderson Economic Group. But that’s nothing compared to what would happen with a prolonged rail strike. CommutingOnly the nation’s freight rail lines face a pending strike, but commuters would likely be affected, too. Many commuter trains travel on tracks maintained and operated by the freight railroads and passenger railroads expect they’ll have to shut down their operations once the freight strike starts. Many commuter railroads also move over freight rail lines and could not operate if a strike was called.

☆ New York continues streak as nation's No. 1 port as LA cargo volume hits level not seen since 2009
▼ + stars: | 2022-11-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Earlier this week, the Port of Los Angeles posted its lowest level of October since 2009. "Firstly, shippers are still avoiding the West Coast to mitigate the risk of labor strikes at LA and Long Beach. According to Project44 data, total vessel TEU capacity deployed from Europe to the East Coast is up 15.5% compared to Oct 2021. CNBC Supply Chain Heat Map providers warned in the summer and fall of a decrease in manufacturing orders which has impacted the volume of shipping. The lesser container volumes are now being seen off the ports across the East Coast, including New York and New Jersey.

KYIV/WARSAW/LONDON, Nov 17 (Reuters) - Ukraine has few viable options currently to boost grain exports by rail, road or river barge anytime soon if a United Nations-brokered deal with Moscow to export by sea runs into trouble. Ukraine has shipped grain by truck and train via its western border and through small Danube river ports in the south west. But the capacity on those routes is much smaller than from its sea ports - meaning there is no significant plan B if the sea corridor falters. "Rail and truck capacity can maybe be increased 3-5% but no more, because the infrastructure of Europe can't absorb our grain. They are not ready on truck, on rail, on river barge, on storage, to accept this grain at volume," he said.

☆ Chevron's TCO to divert 200,000 t of oil to Batumi in October amid CPC maintenance - sources
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermidMOSCOW, Sept 20 (Reuters) - Chevron-led Tengizchevroil (TCO), Kazakhstan's Tengiz oilfield operator, plans to divert 200,000 tonnes of oil to Georgia's Batumi port in October via rail as it seeks alternative routes for its exports due to CPC terminal maintenance, two sources familiar with the company's plans said on Tuesday. The Caspian pipeline Consortium (CPC), the main export route for Kazakhstan's oil, shut two of three loading facilities in its terminal for maintenance, leading to a sharp decrease in loading capacity. Register now for FREE unlimited access to Reuters.com RegisterTCO diverted some oil to Batumi earlier this year, when the CPC terminal also carried out unplanned maintenance. The TCO consortium is owned by Chevron (50%), Exxon Mobil Corp (XOM.N) (25%), Kazmunaigaz (20%) and Lukoil's Lukarco (5%). Register now for FREE unlimited access to Reuters.com RegisterReporting by Reuters, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

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