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 Industry Roundup |
Logs / Timber
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One-third of global forest is harvested for timber, generating US$1.5T/year, but high-severity wildfires threaten timber production; study finds 18.5-24.7 million hectares of timber-producing forest experienced stand-replacing wildfires from 2001-2021
EcoWatch (11/16)
House Committee of Natural Resources holds hearing on Locally Led Restoration Act of 2023 (HR 4717); act amends Healthy Forests Restoration Act of 2003 to allow third-party contractors to propose their own stewardship contracts if 10% of timber is salvage
Targeted News Service (Press Releases) (11/16)
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Deforestation / Reforestation
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Bezos Earth Fund awards US$30M to National Fish and Wildlife Foundation to accelerate restoration of longleaf pine forests and Northern Great Plains grasslands; funding will support 35 local groups to restore and improve management of 800,000 acres
Globe Newswire (11/16)
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Forestry
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OSU research project aims to improve forest inventory data collection by developing operational system; goal is to develop two software programs to fuse point clouds from above and below the canopy and another to compile forest inventory from point clouds
Oregon State University (11/16)
BC trapper raises alarm about bears being burned in logging slash piles; Ministry of Forests conducting ongoing black bear den monitoring project on Vancouver Island to improve understanding of how black bear dens are managed during forest activities
Abbotsford News (BC) (11/16)
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Timberland / Forestland
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Oregon State University researchers find increased protection for two Alaskan forests--Tongass and Chugach national forests--is key to meeting climate and biodiversity goals due to their landscape integrity, high carbon stocks, wildlife habitat extent
Oregon State University (11/16)
Trust for Public Land, Southwest Florida Water Management District protect 191 acres near Dunnellon; property will be managed by Florida Forest Service as an addition to the Withlacoochee State Forest
Trust for Public Land (11/16)
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Forestry/Timberland
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Metsa Group, CollectiveCrunch's AI app for detecting insect damage in forests wins Quality Innovation Award from Finnish Quality Assn.; app detects insect damage in forests, such as damage caused by spruce bark beetles, before it's visible to human eye
Metsa Group (11/16)
RMS signs Partners for Fish and Wildlife Agreement with US Fish & Wildlife Service to reintroduce endangered reticulated flatwoods salamander on RMS-managed land in Florida; conservation easement ensures land will be restored to working longleaf forest
Resource Management Service (RMS) (11/16)
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Agri
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Greenhouse / Urban / Vertical Farming
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Pactiv Evergreen issues latest ESG report; highlights include reducing Scope 1, 2 GHG emissions by 21% from 2015 to 2022, having more than 99% of fiber meet sourcing standards, having all applicable North American facilities be chain-of-custody certified
Pactiv Evergreen Inc. (11/16)
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Fertilizers & Plant Nutrients
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US retail fertilizer prices continue to surge, data from DTN’s tracker shows; nitrogen fertilizer anhydrous sees 5% increase, reaching an average price of US$826/ton
NetworkNewsWire (NNW) (11/16)
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Land
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Land
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Treasury Wine Estates announces plans to acquire a Marlborough premium vineyard in New Zealand, expanding its local footprint from 505 hectares to 750 hectares; deal expected to close in Q1 2024
Treasury Wine Estates Ltd. (11/16)
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Wood Products
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Oriented Strand Board (OSB)
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RBC highlights wood products news for week of Nov. 13: Lumber and OSB prices up week-over-week; GreenFirst appoints CEO; APA reports OSB production down 5.7% year-over-year; WWPA reports North American softwood lumber production down 5.6% in August
RBC Capital Markets LLC (11/16)
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Lumber
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Metsa's Future Sawmill concept awarded in Business Innovation category of the Quality Innovation Awards competition by Finnish Quality Assn.; concept praised for efficiency, use of machine vision, robotics, blade technology and 100% of wood raw material
Metsa Group (11/16)
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Pulp/Fiber
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Paper Pulp
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Altri reports net profit of €28.2M for first nine months of the year, down 76% from €117.6M reported for the same period in 2022; total revenues drop 25% to €601M, driven by lower prices amid destocking in Europe
CE Noticias Financieras (Latin America) (11/16)
Researchers at RISE PFI AS study influence of temperature and pressure during thermoforming of softwood pulp; chemical composition of CTMP and NBSK pulps distinctly affect their response to thermoforming
NewsRx Life Science Daily (11/16)
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Fluff Pulp
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Chuck Daniels, procurement forester at Domtar's Plymouth Mill, named North Carolina Forestry Assn.'s 2023 Communicator of the Year; Daniels secures wood fiber for fluff pulp mill, also works to educate about sustainable forestry management practices
Domtar Corp. (11/16)
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Paper Recycling / Recovered Paper
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Ahead of Vietnam’s governmental decree on EPR, effective Jan. 1, 2024, FrieslandCampina signs strategic cooperation agreement with Dong Tien Binh Duong Paper and Truong Thinh Construction Mechanical to improve packaging collection, recycling capacity
Vietnam Investment Review (VIR) (11/16)
RBC highlights paper products news for week of Nov. 13: US average OCC prices up in November, but sorted office paper down; Clearwater Paper temporarily suspends 'certain manufacturing operations' at Lewiston, Idaho, paper mill due to natural gas incident
RBC Capital Markets LLC (11/16)
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Publication / Fine Paper
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Total US printing-writing paper shipments in October down 15% year-over year, US purchases down 30%, inventory levels drop 2% from September; net imports in all three major P-W grades in September down 49% from year ago and down 37% year-to-date: AF&PA
American Forest & Paper Association (AF&PA) (11/16)
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Specialty Papers
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Total US packaging papers, specialty packaging shipments in October up 3% year-over-year, but down 2% from same 10 months of 2022; shipments of biggest subgrade in bleached packaging papers--food wrapping--fall 16.9% year-to-date to 25,900 tons: AF&PA
American Forest & Paper Association (AF&PA) (11/16)
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Logistics
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Ocean Cargo / Shipping
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Shipping industry faces downturn as rates fall below costs, with slump set to last until at least 2024; however, lower ocean shipping expenses are benefiting manufacturers, retailers, may be helping central banks reduce inflation in many economies
Maritime Gateway (India) (11/16)
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Marine Ports
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EnBW, Zenith Energy Terminals, GasLog and Port of Amsterdam to create liquid hydrogen corridor between Amsterdam, Germany, supporting federal decarbonization efforts; Port of Amsterdam to advance developing green hydrogen capabilities as gateway to Europe
DACH Markets via PUBT (11/16)
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Logistics, Shipping & Delivery
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Atlas Air Worldwide to move to new corporate headquarters in White Plains, New York, by January 2024, marking ongoing commitment to state operations; company to retain 400 jobs, invest US$4M in tenant improvements, including new equipment, IT and security
Aviation Update (11/16)
Qatar Airways Cargo relaunches Mail product with advanced services for traditional, hybrid postal modes; product meets international regulations and now includes 100% EDI at over 110 stations, while allowing clients to track mail shipments in real-time
Aviation Update (11/16)
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Stock
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Latest: Nov, 16 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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47.07
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47.32
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-0.53%
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0.99%
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Rayonier (RYN)
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30.80
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30.42
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1.25%
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-12.67%
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Weyerhaeuser (WY)
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31.74
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31.72
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0.06%
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-1.03%
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Forestry & Timberland
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