Whats Going on with Shipping
Whats Going on with Shipping
@wgowshipping·697K subscribers·1.2K videos

What the Ship? Top Stories in Global Shipping as of June 7, 2022

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June 7, 2022

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What the Ship? Putin Says Ukraine Must De-Mine Grain Ports, Russia’s Crude Oil Revenues Take a Hit Even as Exports Swell, Shanghai Port Returns to Normal, Bangladesh Battles Container Depot Fire That Killed 41 & Admiral Linda Fagan Becomes 27th Commandant of the U.S. Coast Guard

What's Going on With Shipping?

June 7, 2022

In this episode, Sal Mercogliano - former merchant mariner and maritime historian at Campbell University - discusses the major issues and topics facing global shipping as of June 7, 2022. First, the ongoing war between Russia and Ukraine has endanged the world's food supply, specifically grain. Efforts to open Ukranian ports has led to several options being proposed by the different sides. Second, sanctions against Russian oil and energy, has forced Russia to offer low cost oil to countries, increasing their exports while their revenue falls. Third, with the easing of COVID restrictions in China, what impact will that have in US and European ports and to freight rates. Fourth, Bangledesh has suffered a series of setbacks including a massive fire in a major container trans-shipment hub and deaths in their ship scrapping facility. Finally, Admiral Linda Fagan became the first head of an armed service as she assumed command of the US Coast Guard.

#food #supplychain #russiaukrainewar #oil #energy #covid19 #container #bangledesh #coastguard

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1. Putin Says Ukraine Must De-Mine Grain Ports

As Hunger Crisis Grows, Russia Attacks Grain Terminal in Mykolaiv

UN Aid Chief in Moscow to Discuss Ukraine Grain Exports

Op-Ed: Blockade Running Black Sea Grain Is Not For Amateurs

2. Russia’s Crude Oil Revenues Take a Hit Even as Exports Swell

Kazakhstan Renames Its Export Oil To Avoid Russia Sanctions Risk

Surging Tanker Rates Make Interesting Case for Jones Act Fleet

EU Approves Phased Ban of Russian Oil Imports

Ship fuel enters uncharted territory as prices hit new wartime peak

Greek owners decry sanctions

3. Shanghai Port Waiting Times Returning to Normal -VesselsValue

Viewpoint: It’s too soon to celebrate Shanghai reopening

North Europe Container Ports at Capacity Ahead of Peak Season

California Ports Prepare for Cargo Surge as Shanghai Reopens

Shippers ‘Bled Dry’ as Long-Term Contract Rates Soar Above Spot

Container shipping jackpot continues: CMA CGM profits soar

Retailer inventories could drag US-China box rates lower

4. Bangladesh Battles Container Depot Fire That Killed 41

Shipbreaking Watchdog Calls Out Bangladeshi Shipbreaker Over Accidents

5. Change of Command: Admiral Linda Fagan Becomes 27th Commandant of the U.S. Coast Guard

Guests & Subjects Covered

Hit EvenAdmiral Linda Fagan BecomesWith Shipping JuneSal MercoglianoCampbell UniversityFourth BangledeshFinally Admiral Linda FaganUS Coast Guard

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