What the Ship (Ep54) | Freight Rates | River Levels | Offshore Wind | COVID & Princess Cruises
October 14, 2022
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30:34Now PlayingWhat the Ship (Ep54) | Freight Rates | River Levels | Offshore Wind | COVID & Princess Cruises
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as posted by the channelThe Collapse in Container Rates | Closures on Ohio River | Labor Strikes | Offshore Wind | COVID Class Action Against Princess Cruise
What's Going on With Shipping?
October 13, 2022
In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the top 5 maritime stories as of October 13, 2022. First, we look at the plummeting rates for ocean containers, especially across the trans-Pacific. Yet, the container lines are reporting near-record profits while East and Gulf coast ports are still bringing large quantities of containers. Second, while the Mississippi has reopened below Memphis, now closures on the Ohio River are impacting inland water traffic in the US. Third, strikes in Liverpool and Durban are causing disruptions along the supply chain, with lingering issues on the west coast of the US and class I railroads. Fourth, the proliferation of wind power is taking shape in Europe, and finally a class action suit is brought against Princess Cruise Line for the COVID outbreak at the start of the pandemic.
#supplychain #mississippi #barge #strikes #windpower #covid #princesscruise
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1. ‘Fast and Furious’ Return to Normal Puts Liner Profits at Risk
IMF Lowers Outlook for Global Economy
U.S. Import Volume Heads South in September, But Still Above Pre-Pandemic Levels
Shipping lines still raking in billions despite sinking cargo demand
OOCL Kicks Off Another Turbo-Charged Earnings Season for Container Shipping
Maersk Rides Shipping’s Roller-Coaster Year
Container Lines Blank Sailings Bring Capacity Back to 2019 Levels
South Carolina Ports sets volume record in September
Port of Savannah Sees Signs of Market Correction
2. Barge Shipping Whack-a-Mole: Closures on Ohio River as Mississippi Bottleneck Improves
Latest supply chain crisis could threaten global stash of food, energy
U.S. Gulf Grain Exports Slowed by Low Mississippi River
3. Liverpool Dockers Strike as Peel Ports Issues Redundancies
Labor Strike Hobbles South Africa’s Busiest Port
‘Dubious at best’: Railroad workers’ rejection of new contracts revives strike fears
4. Floating Offshore Wind Pipeline Sees Explosive Growth
Big Oil Ready for UK’s Offshore Wind Auction
5. Trial Begins in Class-Action Suit Over Ruby Princess Outbreak
Disney Negotiating to Buy Genting's Largest Cruise Ship Global Dream
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