What the Ship! (Ep 50) - Taking the Top 5 Maritime Stories and Making Sense Out of Global Shipping



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What the Ship! (Ep 50) - Taking the Top 5 Maritime Stories and Making Sense Out of Global Shipping

What's Going on With Shipping?
Episode 50
September 16, 2022

In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - examines the top 5 maritime stories as of September 16, 2022 and discusses their impact. First, the latest on the tentative agreement reached between the unions and the Class I railroads. Second, the supply chain situation in flux with transatlantic overtaking transpacific in containers. Third, as Europe deals with the loss of Russian gas and oil, LNG and oil transportation shipping rates increase. Fourth, bulk rates experience a similar increase across the board. Finally, a serious of scandals - Fat Leonard & Bonhomme Richard fire - continue to plague the US Navy.

#strikes #supplychain #lng #Europe #Russia #bulk #FatLeonard #bonhommerichard

00:00 Introduction
00:25 1. Rail Strike Averted
04:28 2. Transatlantic Overtakes Transpacific in Containers
08:53 3. LNG charter rates increase
13:40 4. Bulk rates increase
18:20 5. US Navy, Fat Leonard & Bonhomme Richard Fire
23:54 Analysis & Conclusion

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1. Biden Brokers Deal Averting Nationwide Rail Strike
https://gcaptain.com/biden-brokers-deal-averting-nationwide-rail-strike/

Transport strikes put supply chains under duress again
https://www.freightwaves.com/news/transport-strikes-put-supply-chains-under-duress-again

2. Transpacific Rate Decline and Strong Dollar Could Bolster U.S. Imports
https://gcaptain.com/transpacific-rate-decline-and-strong-dollar-could-bolster-u-s-imports/

Transatlantic Overtakes Transpacific as Most Lucrative Trade for Shipping Lines
https://gcaptain.com/transatlantic-overtakes-transpacific-as-most-lucrative-trade-for-shipping-lines/

Port of Savannah Reports Busiest Month on Record in August
https://gcaptain.com/port-of-savannah-sees-busiest-month-ever-in-august/

Typhoon Muifa Hits Major Eastern China Port Hub
https://gcaptain.com/typhoon-muifa-hits-major-eastern-china-port-hub/

Could China’s Exports Be Under Long-Term Threat?
https://gcaptain.com/could-chinas-exports-be-under-long-term-threat/

Shipping’s China syndrome: Demand sinks across multiple cargo markets
https://www.freightwaves.com/news/shippings-china-syndrome-demand-sinks-across-multiple-cargo-markets

THE MARKET HAS STARTED ON THE PATH TO “NORMALISATION”
https://www.bimco.org/news/market_analysis/2022/20220912-smoo-container

3. LNG shipping rates top $100,000/day, oil tanker rates still rising
https://www.freightwaves.com/news/lng-shipping-rates-top-100000day-oil-tanker-rates-still-rising

How will the European energy crisis affect freight markets?
https://www.freightwaves.com/news/how-will-the-european-energy-crisis-affect-freight-markets

4. Baltic Dry Index Rises on Higher Capesize Rates
https://gcaptain.com/baltic-dry-index-rises-on-higher-capesize-rates/

Drybulk Shipping Market: A Dead Cat Bounce Or…?
https://gcaptain.com/drybulk-shipping-market-a-dead-cat-bounce-or/#

5. U.S. Authorities Offer $40,000 Reward for ‘Fat Leonard’ Tips Leading to Arrest
https://gcaptain.com/u-s-authorities-offer-40000-reward-for-fat-leonard-tips-leading-to-arrest/

Fat Leonard Podcast
https://fatleonardpodcast.com/

US Navy Blocks Court Records In Ship Arson Case
https://gcaptain.com/us-navy-blocks-court-record/
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