Whats Going on with Shipping
@wgowshipping·697K subscribers·1.2K videos
What the Ship (Ep57) | Containerships | G7 Oil Cap | Bulkers | Europe LNG | National Shipping Lines
Posted
November 5, 2022
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November 5, 2022
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31:12Now PlayingWhat the Ship (Ep57) | Containerships | G7 Oil Cap | Bulkers | Europe LNG | National Shipping Lines
What's Going on With Shipping
November 5, 2022
In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the Top 5 Maritime Stories as of November 5, 2022. First, we examine the containership market, particularly Maersk's concerns about 'Dark Clouds on the Horizon' while at the same time they register record profits as holiday spending is on track for a record year. Second, we look at the crude and product market with an emphasis on the the impact Russian sanctions will have on the industry, along with the G7 market cap. Third, the war in Ukraine and extreme weather conditions - both droughts and floods - are having repercussions on the transport and cost of grain. Fourth, the demand for LNG in Europe has ships waiting off the coast as prices increase and finally, we discuss the growing efforts for national shipping fleets and Matson's decision to add three new ships to their fleet.
#supplychain #containers #OilCap #Bulkers #grain #Europe #LNG #Matson #shipbuilding
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1. Container Sector
Maersk Warns of ‘Dark Clouds on the Horizon’ for Container Shipping
Maersk Gives Overstocked Retailers the Option to Slow Arrivals
Idled Boxship Fleet Sails Past 1 Million TEUs as Blankings Fail to Stop Freight Rate Erosion
End of an era: Profits finally peak for shipping giant Maersk
This Year’s Holiday Spending Likely to Set New Record
2. Oil Sector/G7 Price Cap
G7 Agree to Fixed Price Cap on Russian Oil By Sea -Sources
UK confirms it will not insure ships carrying Russian oil
U.S. Crude Exports to Asia at Record High
Scorpio Tankers Scores a Homerun as Product Tankers Hit It Out of The Park
Crude tanker owners see dollar signs as Russia ban draws near
Dark fleet danger as accident-prone elderly tankers anchor off Malaysia
Samir Madani Tweet
3. Bulk Sector
Baltic Dry Index Snaps 12-Session Losing Streak
Rain in Canada Deals Latest Blow to Global Grain Trade
Mississippi River Drought Is Pushing Soybean Shippers to Other Regions
Protests Block Grain Exports from Brazil’s Top Bulk Port
Dry bulk braces for troubled end to the year
4. LNG
LNG tankers idle off Europe’s coast as traders wait for gas price rise
U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost
5. National Shipping Fleets/Matson New Containerships
South Africa presses ahead with national shipping line plans
Matson Returns to Philly Shipyard for Three More Jones Act Containerships
U.S. Senator Wicker Condemns ‘Unlawful’ and ‘Unnecessary’ Jones Act Waivers for Puerto Rico
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