What the Ship? Ever Forward, Black Sea War Zone, China Lockdowns, Shipping Stocks & Vietnam Shipping
April 19, 2022
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30:26Now PlayingWhat the Ship? Ever Forward, Black Sea War Zone, China Lockdowns, Shipping Stocks & Vietnam Shipping
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as posted by the channelWhat the Ship? Ever Forward Freed, Moskva Sunk, China Lockdowns, Shipping Stocks & Vietnam Shipping
What's Going on With Shipping?
April 19, 2022
In this episode of What's Going on With Shipping, Sal Mercogliano - former merchant mariner and maritime historian at Campbell University - recounts the top 5 Maritime Stories for April 19, 2022. First, the refloating of Ever Forward on April 17 raises the issues of what happens next for the ship. The next port for the ship and its cargo will be determined by the results of the survey. Second, the sinking of the Russian Black Sea Fleet flagship, the cruiser Moskva, highlights the escalating danger to shipping in the region, along with the proliferation of mines and attacks on commercial shipping; resulting in the escalation of war risk insurance. Third, perhaps the most significant story is the impact of China COVID-lockdowns on global shipping and the shockwaves it will send through the supply chain. Fourth, while the DOW transport average is down commodity shipping stocks are on the rise. Finally, Vietnam has announced their plans to buy and build their own container shipping fleet.
#EverForward #container #containership #supplychain #logistics #Chesapeake #Moskva #cruiser #Russia #Ukraine #UkraineRussiaConflict #China #COVID #Lockdown #DOW #commodity #shipping #Vietnam
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1. Salvage Team Frees Ever Forward Containership
Ever Forward Refloating Follows 35-Day Salvage Operation – PHOTOS
Ever Forward refloated, will be inspected before returning to service
2. Russia’s targeting of merchant ships branded a war crime
Insurance costs in Black Sea war zones reach new highs
What the Sinking of the Moskva Missile Cruiser Means for Russia and the War in Ukraine
Analysis: Chain Of Negligence Caused The Loss Of The Moskva Cruiser
3. The biggest risk to the global economy no one is talking about
Chinese lockdowns will create shocks to American supply chains (but China is the biggest loser)
Get ready for the next supply chain shockwave
4. Commodity shipping stocks are trouncing Dow transport average
5. Vietnam unveils plans for US$1.5 billion-worth container shipping fleet
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