Video
Video Description
What's Going on With Shipping?
November 27, 2022
In this episode, Sal Mercogliano – maritime historian at Campbell University and former merchant mariner – discusses the top 5 Maritime Stories as of November 26, 2022. First, multiple issues are poised to hit the #supplychain with a new round of China COVID shutdowns, strikes in Korea and India, and the potential for a US rail strike. Second, the opposition of Poland, Estonia, Lithuanian and Latvia to the price cap set by the G7 and European Union jeopardizes the implementation of the sanctions set to take place on December 5. Third, Maersk Lines finds itself the target of a lawsuit under the new powers of the Federal Maritime Commission, granted under the Ocean Shipping Reform Act of 2022. Fourth, a new report finds fire, inflation and global warning as the greatest threat to shipping and therefore increasing insurance rates. Finally, the Port of Miami, much like the rest of the Gulf and East Coast ports are benefitting from the shift of cargo from the Ports of Los Angeles and Long Beach.
#supplychain #pricecap #inflaion #cargo #container #miami
00:00 Introduction
00:50 1. Supply Chain Slow Downs
05:37 2. Maersk vs Federal Maritime Commission
10:45 3. Russian Price Cap on Hold?
16:34 4. Marine Insurance
23:45 5. Port of Miami
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Email: mercoglianosal@gmail.com
1. Supply Chain Slow Downs
Record Chinese covid cases spark concern
https://splash247.com/record-chinese-covid-cases-spark-concern/
Korean Unions Schedule Unified December Strike at Hyundai’s Shipyards
https://www.maritime-executive.com/article/korean-unions-plan-unified-december-strike-at-hyundai-s-shipyards
Trucking strike in South Korea hits major industries
https://splash247.com/global-supply-chains-at-risk-again-as-truckers-stage-another-nationwide-strike-in-south-korea/
Deadlock Deepens At Adani’s South India Port As Protesters Block Trucks
https://gcaptain.com/deadlock-deepens-at-adanis-south-india-port-as-protesters-block-trucks/
Divided U.S. Rail Unions Raise Specter of Strike
https://gcaptain.com/divided-u-s-rail-unions-raise-specter-of-strike/
2. Maersk vs Federal Maritime Commission
Maersk ‘Test Case’ Could Shift Container Shipping’s Balance of Power
https://gcaptain.com/maersk-test-case-could-shift-container-shippings-balance-of-power/
3. Russian Price Cap on Hold?
https://gcaptain.com/price-cap-halt-poland-demands-harsher-penalty-russian-oil/
Russia’s Tanker Fleet Too Small to Bypass Oil Price Cap
https://gcaptain.com/russias-tanker-fleet-too-small-to-bypass-oil-price-cap/
Putin Touts Russia’s ‘Arctic power’ with Launch of Nuclear Icebreakers
https://gcaptain.com/putin-touts-russias-arctic-power-with-launch-of-nuclear-icebreakers/
4. Marine Insurance
Underwriters of the United States: How Insurance Shaped the American Founding
https://uncpress.org/book/9781469663630/underwriters-of-the-united-states/
Fires, Inflation and Climate Change: Global Trends to Watch in Marine Insurance
https://gcaptain.com/fires-inflation-and-climate-change-global-trends-to-watch-in-marine-insurance/
5. Port of Miami
Los Angeles imports keep sinking as East Coast gains more ground
https://www.freightwaves.com/news/los-angeles-imports-keep-sinking-as-east-coast-gains-more-ground
Gulf Coast ports continued to see rising volumes in October
https://www.freightwaves.com/news/gulf-coast-ports-continued-to-see-rising-volumes-in-october
CMA CGM Containership Sets Record as Miami’s Largest to Date
https://www.maritime-executive.com/article/cma-cgm-containership-sets-record-as-miami-s-largest-to-date
The numbers behind MSC’s extraordinary fleet growth
https://splash247.com/the-numbers-behind-mscs-extraordinary-fleet-growth/