Only those who face it will understand the impact of ULAQ KAMA. ULAQ KAMA’s genes are rooted in its family and its spirit is rooted in its history. ULAQ KAMA is the most effective weapon to strike at hostile intentions and the heart of its owner, and is always ready to sacrifice itself for this cause. The unstable situation in geopolitics, especially considering the events of the last 10 years, has once again highlighted the importance of developing deterrence potential and the ability to convert it to a kinetic form when deemed necessary. In cases where deterrence is not sufficient, with the effect of these capabilities, are meant to protect the country by preventing hostiles and, if necessary, punish them for their actions. The primary purpose of developing defense capabilities is to establish peace and stability through providing deterrence against potential actions that may threaten the rights and interests of the country. ULAQ KAMA will be the new dominant force in the seas, born out of the need to obtain products demanding relatively low-cost, but with very high impact power, in order to carry the level of deterrence to the extreme, before demonstration of hostile behavior and to make full use of the field advantages it brings. The changing geopolitical world order, especially in the recent years, reveals the necessity for defense industry products, as in all other sectors, to make an unexpected show of force to the adversary or source of threat perception. "So we should be able to run more fluidly when the market comes back on the intermodal side especially.We proudly announce the ‘game-changer’ ULAQ KAMA Expendable Unmanned Surface Vessel, the newest addition to the ULAQ Family, developed by Antalya-based ARES Shipyard and Ankara-based Meteksan Defense, both operating in the defense industry in Türkiye. "If you think about going forward, the ports aren't congested as much as they were, and we don't have a lot of the network all gummed up in the intermodal facilities etc.," said CSX CEO Joseph Hinrichs. Port logistics overall have improved, the railroad said. Boone said Q2 performance was good at its coastal port Curtis Bay in Baltimore. Looking to the future, CSX said its developing new transportation lanes and boosting its activity at inland ports. "I think it's really early in July to call 2024. "We'll see how the winter plays out," Boone said. The railroad said it anticipates higher full-year coal shipments due to strong export demand and good cycle times, but that domestic shipments are likely to soften amid low natural gas prices. CSX mainly exports met coal priced around $225/mt, according to Boone. The higher coal volume was driven by more export shipments as domestic utilities sought to move tons into higher-priced international markets, CSX said. For the first six months of 2023, CSX coal volumes rose 11% on the year to 370,000 units as revenue per unit fell 3% to $3,432. CSX's revenue per coal unit was $3,443 in Q2 2023, down 6% from the year-ago quarter. Thermal coal prices were weaker in Q2 amid low-cost natural gas and softer global coal demand.Ĭentral Appalachia 12,500 Btu/lb CSX rail coal averaged $75.46/st in Q2, down 49.9% from $150.70/st in the year-ago quarter, according to the Platts assessments by S&P Global Commodity Insights.ĭue to lower coal prices, CSX coal revenue fell 2% on the year to $637 million in Q2 even as coal volumes rose 4% to 185,000 units. While the summer heat has been a "helpful tailwind" so far in Q3 with customers seeking more sets, overall utility coal stockpiles are projected to be stable in the second half of 2023, according to the company's July 20 investor presentation. "Weather is a surprise from a heat perspective to the upside here over the last few weeks, and we're seeing that with a lot of our customers running full out here and deploying some of the inventory levels," Boone said. But just recently, we're getting a lot more interest and a lot more inbounds on what we can do, given some of the heat waves we're having."īoone said inventory destocking is expected to slow in many CSX-served markets, but the specific timing around this shift was uncertain. "Look, two weeks, three weeks ago, before this hot summer started, probably a little bit lower outlook for domestic coal business. "Coal is a dynamic market right now," said CSX Executive Vice President Kevin Boone. Receive daily email alerts, subscriber notes & personalize your experience.
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