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What the Ship! Ocean Shipping Reform; Freeport LNG; Labor Strikes; Livestock Ship & Midshipman X
What's Going on With Shipping?
June 16, 2022
In this episode, Sal Mercogliano - former merchant mariner and maritime historian - discusses the five top stories as of June 16, 2022. First, the passage of the Ocean Shipping Reform Act by Congress will reform the ability of the Federal Maritime Commission to oversee international freight, but not all are happy with the passage. Second, the explosion at the Freeport LNG facility in Texas takes the 2nd largest LNG plant in the US offline until potentially the end of the year and means an increase in LNG prices and a decrease in supply as Russia's LNG is blocked. Third, strikes in Korea, Germany, and potentially the West Coast is impacting shipping and could lead to more congestion in ports. Fourth, the sinking of Al Shuwaikh in Sudan demonstrates the high risk in livestock transportation with the death of 16,000 sheep bound for Saudi Arabia. Finally, the revealing of Midshipmen X comes as she and one other file suit against Maersk Lines, Limited for sexual assault and sexual harassment.
What the Ship! Ocean Shipping Reform; Freeport LNG; Labor Strikes; Livestock Ship & Midshipman X
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