What the Ship! Australian Tugs; Cruise Stocks; Ukraine Grain; Banana Containers & West Coast Labor
July 6, 2022
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34:14Now PlayingWhat the Ship! Australian Tugs; Cruise Stocks; Ukraine Grain; Banana Containers & West Coast Labor
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as posted by the channelWhat the Ship! Australian Tugs; Cruise Stocks; Ukraine Grain; Banana Containers & West Coast Labor
What's Going on With Shipping?
July 6, 2022
In this episode, Sal Mercogliano - former merchant mariner and maritime historian - discusses the Top 5 Maritime Stories as of July 6, 2022. First, a Hong Kong-flag bulker loses power off the southeast coast of Australia and nearly comes ashore if not for the work of some kick-butt tugboats. Second, cruise lines have been on fire, hit icebergs and being sold for scrap, but more importantly, the stocks of Carnival, Royal Caribbean and Norwegian have all sunk to their lowest levels since COVID-19. Third, Ukraine asks the world to stop Russian ships from exporting Ukranian wheat, and Greek tanker companies from shipping Russian oil. Fourth, the amount of detention and demurrage charged by shipping companies in the United States is going bananas and is the highest in the world. Finally, the ILWU and Pacific Maritime Association contract has expired and contract renegotiations are unclear, thereby raising questions about the status of cargo operations on the West Coast of the United States.
#supplychain #shipping #cruise #ukraine #russia #westcoast #labor #detention #demurrage
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1. Broken Down Bulk Carrier Saved Off Australia’s New South Wales
Battling “Mountainous” Seas Powerless Bulker is Moved to Shelter
2. Cruise Line Stocks Could “Fall To Zero” Says Banker
Carnival Expects To Cruise To Core Profit As Strong Demand Blunts High Costs
3. Kyiv Asks Turkey to Probe Three More Russian Ships It Alleges Transported Stolen Grain
Zelenskyy urges Greek owners to stop moving Russian oil
Europe Needs More LNG & Coal Ships ASAP
Shippers Still Willing to Touch Russian Crude Oil Are Cashing In
4. Banana Ships And The Hidden Fees Of Ship Cargo
Benchmark report on demurrage and detention: top 5 most expensive ports in the world all in the US
California ports piling up again: Too many containers sitting too long
5. No Deal in West Coast Port Labor Negotiations as Deadline Passes
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