What The Ship (Ep52) | Hurricane Fiona & Ian | Container Rates | Nord Stream | FSO Safer | NSMV

What The Ship (Ep52) | Hurricane Fiona & Ian | Container Rates | Nord Stream | FSO Safer | NSMV

What's Going on with Shipping?

September 28, 2022

In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the top 5 maritime stories as of September 28, 2022, and celebrates the one-year anniversary of What the Ship. The first story examines the impacts of Hurricanes Fiona on Puerto Rico and Ian on Florida, with an emphasis on issues around the Jones Act and maritime transportation. Second, a discussion on the cliff dive of ocean container rates, particularly in the trans-Pacific trade. While the fall is remarkable, the question is what does the shift to the East/Gulf coats mean for the supply chain. Third, the Baltic Sea begins to boil as natural gas escapes from both the Nord Stream 1 and 2 pipelines. What impact will this have on LNG transport to LNG and the world? Fourth, the United Nations is close to having enough funds to deal with the FSO Safer off the coast of Yemen. Finally, the launch by the Maritime Administration of the first of five National Security Multi-Mission Vessels for United States maritime state academies.

#JonesAct #supplychain #NordStream #LNG #Maritime

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1. Puerto Rico’s Governor Calls on Biden for Jones Act Waiver But Justification Questionable

Congresswoman González Colón: ‘No Diesel Supply Crisis’ in Puerto Rico

American Maritime Partnership: Debunking Erroneous Claims on Need for Jones Act Waiver

Latest Hurricane Ian Forecast is Bad News for Florida

Producers Shut In Wells as Ian Enters Gulf of Mexico

Hurricane update: Impacts on the supply chain

2. FreightWaves SONAR data revealed global recession months before FedEx’s earnings

Biden Administration Approves ‘Temporary and Targeted’ Jones Act Waiver for Puerto Rico Despite Objections

Freightos Index

China Warns Waning Global Demand Is Top Threat to Trade

Viewpoint: There are winners and losers in the diversion of trade

3. Europe Investigates ‘Attacks’ on Russian Gas Pipelines to Europe

The KMZ Fire-Eye in the Gulf of Mexico vs Deepwater Horizon | What's Going On With Shipping? 7/3/21

European gas prices soar following damage to Nord Stream pipelines

Russian oil exports are still booming and EU is still reliant on Russia

Russia oil sanctions: How conflict with EU rules threatens G-7 price cap

4. Salvage of ‘Ticking Time Bomb’ FSO Safer to Begin Within Weeks as Funds Raised

5. First MARAD Training Ship Launched at Philly Shipyard