Video
Video Description
What's Going on With Shipping?
October 21, 2022
In this episode, Sal Mercogliano – maritime historian at Campbell University and former merchant mariner – discusses the top 5 maritime news stories as of October 21, 2022. First, Russia may be ending the Ukrainian Black Sea Grain Initiative, as the war escalates with attacks on Nord Stream, the Kerch Strait Bridge and power distribution sites in Ukraine. At the same time, global food supply finds itself in jeopardy with low water on the Mississippi, Rhine, Yangtze and Plata. Second, the decline in global freight and manufacturing is impacting the decline in freight volumes and rates into the United States; but it is the start of a Freight Recession? Third, the Heritage Foundation has found the US Navy to be "very weak." What does this mean for global maritime trade if the US Navy is unable to guarantee the "freedom of the seas"? Fourth, the demand for natural gas in Europe – with the destruction of Nord Stream and sanctions/boycotts against Russian gas – has led to more American LNG being shipped to Europe. However, storage facilities and regasification capacity is at its limits, resulting in LNG tankers holding off the coast at a half a million dollars per day. Finally, the Deadliest Catch may be in jeopardy as Alaska closed winter snow crab due to the reduction of 90% of its population from warm water.
#LNG #supplychain #container #Navy #freight #cargo #crab
00:00 Introduction
00:28 1. Grain
06:25 2. Global Freight Rates and Volumes
11:55 3. US Navy is Very Weak
16:51 4. LNG
22:24 5. Alaskan Crab Fishing is Cancelled
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Twitter: @mercoglianos
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1. Ukraine Grain Deal Renewal Is In Jeopardy
https://gcaptain.com/ukraine-grain-deal-renewal-is-in-jeopardy/
OP-ED Russian Navy Will Keep Attacking Transportation Infrastructure
https://gcaptain.com/op-ed-russian-navy-will-keep-attacking-transportation-infrastructure/
Is Russia Winning in the Black Sea?: https://youtu.be/u3VKRC1UPZI
Kerch Straits Remain Open: https://youtu.be/7NxwUdxnDnA
Soaring Dollar Leaves Food Piled Up In Ports As World Hunger Grows
https://gcaptain.com/soaring-dollar-leaves-food-piled-up-in-ports-as-world-hunger-grows/
Shipping Woes to Squeeze China’s Soybean Stocks
https://gcaptain.com/shipping-woes-to-squeeze-chinas-soybean-stocks/
Midwest Drought Points to Little Relief for Mississippi River Shipping
https://gcaptain.com/midwest-drought-points-to-little-relief-for-mississippi-river-shipping/
Not Rollin' On The River: https://youtu.be/pico2dBhz0M
2. Global Freight and Manufacturing Has Started to Fall -Kemp
https://gcaptain.com/global-freight-and-manufacturing-has-started-to-fall-kemp/
Idled Containership Fleet Set to Grow as Market Turns
https://gcaptain.com/idled-containership-fleet-set-to-grow-as-market-turns/
Container Volumes Drop: https://youtu.be/kPF1UwlkW-0
Falling Container Rates: https://youtu.be/AdB2wpYPkNw
3. New Report Says US Navy Capacity Is “Very Weak”
https://gcaptain.com/new-report-says-us-navy-capacity-is-very-weak/
Losing Taiwan Would Jeopardize Key Shipping Lanes Says Japan
https://gcaptain.com/losing-taiwan-would-jeopardize-key-shipping-lanes-says-japan/
Navy Expands Commercial Ship Protection Partnership
https://gcaptain.com/navy-expands-commercial-ship-protection-partnership/
4. Dozens of LNG Carriers Back Up Off European Ports Waiting to Unload
https://gcaptain.com/dozens-of-lng-carriers-back-up-off-european-ports-waiting-to-unload/#
Chevron Sees Strong Demand in Europe Driving U.S. LNG Exports
https://gcaptain.com/chevron-sees-strong-demand-in-europe-driving-u-s-lng-exports/
China’s Dependence On LNG Imports Worries Leaders
https://gcaptain.com/chinas-dependence-lng-imports/
Shipowners Expect Crude Tanker Rates to Stay Strong Despite Russia Turmoil
https://gcaptain.com/shipowners-expect-crude-tanker-rates-to-stay-strong-despite-russia-turmoil/
LNG, the Jones Act u0026 China: https://youtu.be/H-dqlrJt2-E
5. Climate Change Decimates Alaska Snow Crab Fishery
https://gcaptain.com/climate-change-decimates-alaska-snow-crab-fishery/