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Vale Increases Use of BE Locomotives in Brazil
As part of the strategy of accelerating the use of technologies that use renewable sources, Vale received at the end of March its second 100% electric locomotive, powered by battery. Manufactured in China by CRRC Zhuzhou Locomotive (CRRC ZELC), the equipment will initially operate in the maneuvering yard of the Ponta da Madeira Terminal in São Luís (MA). Its batteries, made of lithium, have a storage capacity of 1000 kWh, with autonomy to operate up to 10 hours without stops for recharging.
CRRC’s locomotive is part of Vale’s strategy to electrify its mine and rail equipment. The two areas account for 25% of the company’s direct carbon emissions, the so-called scope 1. In 2019, Vale announced the goal of zeroing its net emissions of scopes 1 and 2 (relative to electricity consumption) by 2050. To this end, it is investing between US$ 4 billion and US$ 6 billion.
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Urban Railroads Delayed
SOUTHEAST ASIA: VIETNAM REPORT
The development of urban railroads in Vietnam has been significantly delayed. The opening of the second line in the capital Hanoi is expected to be delayed to 2027, and the first line in the southern city of Ho Chi Minh City may not open until the end of 2023.
In addition to financial difficulties, there are cases where administrative authorities are not proactively resolving problems, leading to further delays.
In mid-September, Hanoi City abandoned the planned Hanoi Urban Railway Line 3 (Nhon Hanoi Station), which was planned to run through the center of the city, to open by the end of the year. The line is 12.5 kilometers long. Construction of the line began in 2010, and although it was originally planned to open in 2015, it is believed that the plan has already been changed about five times.
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Important Russian Mega-Project in Doubt
Maxim Sakov The government is considering cancelling construction of the high-speed railway between Moscow and St. Petersburg.
One alternative being considered is the replacement of the high-speed railway for selected cargo between the two cities. This option is lobbied by Russian Railways.
The plans to build a high-speed railway between Moscow and St. Petersburg were announced last August. The project was included in the federal budget for 2022-2024. Completion of construction work was expected in…
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Assembly of Russian Railway Machine Kits Started in India
Technical specialist of Sinara Transport Machines (STM) has started work on assembly of RTM-32 kits in India. They also will supervise trial starts of finished machines. Kit assembly works are performed under a State program “Made in India”, if there is a localization level of 51%.
Based on Russian kits, there will be made rail padding and straightening machines, which are used during railway construction, repair, and maintenance. Also, the machines are working with wooden and concrete rail ties. Assembly is based on the production plant of San Engineering & Locomotives Co. Ltd, located in Bangalore which is acting as STM partner in the project.
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Strong Post-pandemic Growth Expected into 2022-23 for North America
Yosyf Sheremeta SUMMARY. After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.
Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.
During H1 2021, we witnessed a strong level of activities and a rebound for many industries. As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries.
We expect this level of rebound to continue and we now expect even stronger overall growth for 2021. The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s. In the near term, consumer spending will help drive demand and support the strong growth trend.
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Global Recovery: Opportunities and Challenges
SUMMARY. The global economy, especially within the Engine, OEM and Components industries, has felt the immediate impact from COVID: assembly line shutdowns, labor issues, supply chain issues, logistics and transportation to name a few. The pandemic has exposed many weak links in the global economic chain. However, by end of summer, most of these challenges were either completely resolved or temporary solutions had been put in place.
Yosyf Sheremeta Diversification has become the theme during the pandemic recovery, and we expect this trend to continue. Not only are companies looking for new markets and suppliers to grow top and bottom line revenue as well as to minimize risks, but we see a shift into new industries. Furthermore, rapid developments of new technologies create massive opportunities for OEMs and suppliers as well as posing real threats to OEMs that solely rely on traditional products that are powered by fossil fuels.
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We Expect 2020 NA Overall OEM Production To Be Flat
This article initially appeared in the February 2020 issue of PowerTALK News.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Yosyf Sheremeta Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
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