What 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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00:00 Introduction
00:28 1. Container Sector
09:47 2. Oil Sector/G7 Price Cap
16:43 3. Bulk Sector
21:22 4. LNG Sector
25:19 5. National Shipping Lines/Matson's New Containerships

1. Container Sector
Maersk Warns of ‘Dark Clouds on the Horizon’ for Container Shipping
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Maersk Gives Overstocked Retailers the Option to Slow Arrivals
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Idled Boxship Fleet Sails Past 1 Million TEUs as Blankings Fail to Stop Freight Rate Erosion
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End of an era: Profits finally peak for shipping giant Maersk
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This Year’s Holiday Spending Likely to Set New Record
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2. Oil Sector/G7 Price Cap
G7 Agree to Fixed Price Cap on Russian Oil By Sea -Sources
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UK confirms it will not insure ships carrying Russian oil
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U.S. Crude Exports to Asia at Record High
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Scorpio Tankers Scores a Homerun as Product Tankers Hit It Out of The Park
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Crude tanker owners see dollar signs as Russia ban draws near
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Dark fleet danger as accident-prone elderly tankers anchor off Malaysia
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Samir Madani Tweet
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3. Bulk Sector
Baltic Dry Index Snaps 12-Session Losing Streak
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Rain in Canada Deals Latest Blow to Global Grain Trade
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Mississippi River Drought Is Pushing Soybean Shippers to Other Regions
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Protests Block Grain Exports from Brazil’s Top Bulk Port
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Dry bulk braces for troubled end to the year
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4. LNG
LNG tankers idle off Europe’s coast as traders wait for gas price rise
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U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost
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5. National Shipping Fleets/Matson New Containerships
South Africa presses ahead with national shipping line plans
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Matson Returns to Philly Shipyard for Three More Jones Act Containerships
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U.S. Senator Wicker Condemns ‘Unlawful’ and ‘Unnecessary’ Jones Act Waivers for Puerto Rico
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