What The Ship! Ocean Shipping Reform Act, Ukraine-Russia/Black Sea & Maritime Supply-Chain Bullwhip

What The Ship! Ocean Shipping Reform Act, Ukraine-Russia/Black Sea & Maritime Supply-Chain Bullwhip

What's Going on With Shipping?
June 22, 2022

In this episode, Sal Mercogliano - former merchant mariner and maritime historian at Campbell University - discusses the Top 3 stories in the global shipping sector as of June 22, 2022. First, the signing of the Ocean Shipping Reform Act of 2022 is acclaimed by President Biden to be the solution to shipping inflation; but is that really the case? Also, what is the perspective of the World Shipping Council and the American export and trade groups to the passage of OSRA? Second, the Ukraine-Russia War has escalated on the Black Sea with Ukrainian strikes against Russian oil platforms and support vessels, and Russian attacks on Odesa. What is the forecast for the Ukrainian ability to export grain? Finally, the potential for an economic recession has raised the issue of imports into the United States. While Americans are consuming less, ports are reporting record months. What is the story behind this and why has the congestion moved from Los Angeles & Long Beach to Houston, Savannah and New York/New Jersey? An examination of the latest piece by Craig Fuller, CEO FreightWaves.

#supplychain #ukraine #recession #container #containership #blacksea #ports #shipping

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00:00 Introduction
00:53 1. Ocean Shipping Reform Act
14:59 2. Black Sea
23:01 3. Maritime Supply-Chain Bullwhip

1. President Biden Signs The Ocean Shipping Reform Act Into Law
https://gcaptain.com/president-biden-...

Biden to ocean carriers: ‘The rip-off is over’
https://www.freightwaves.com/news/bid...

World Shipping Council - Meet the Board
https://www.worldshipping.org/meet-th...

World Shipping Council Responds to Ocean Shipping Reform Act Enactment:
https://gcaptain.com/world-shipping-c...

Ocean Shipping Reform Act is a victory of rhetoric over reality
https://lloydslist.maritimeintelligen...

2. gCaptain Ukraine Crisis Archive
https://gcaptain.com/tag/ukraine-crisis/

3. A potential economic recession and the supply chain bullwhip are colliding
https://www.freightwaves.com/news/a-p...

Viewpoint: CNBC heat map highlights global events that can impact US supply chain
https://www.freightwaves.com/news/cnb...

Drilling Deep: Collapsing volumes of ocean freight
https://www.freightwaves.com/news/dri...

Los Angeles port: Peak season coming soon, strong imports ahead
https://www.freightwaves.com/news/los...

Boom times not over yet: US container ports still near highs
https://www.freightwaves.com/news/boo...

Georgia ports reach all-time record in May
https://www.freightwaves.com/news/geo...