#Shipping #SupplyChain

https://www.bloomberg.com/news/articles/2021-12-04/u-s-ship-logjam-stretching-far-into-pacific-is-longer-than-ever

Languishing Walnuts Show How Shipping Crisis Is Hurting U.S. Farmers

The shrink-wrapped boxes of fresh California walnuts stacked almost to the ceiling in Don Barton’s California packing facility should be headed to Europe for holiday baking and to Asia for New Year celebrations.

Instead, newly cleaned and shelled nuts – about $10 million worth – are stuck at his processing plant near Sacramento, thousands of miles from their destinations, as the global supply chain crisis squeezes ports.

#Shipping #SupplyChain

https://gcaptain.com/languishing-walnuts-show-how-shipping-crisis-is-hurting-u-s-farmers/

Four major threats almost guaranteeing another challenging year for shippers

The fractious relationship between ocean carriers and their freight forwarder is seen as one of four key disrupters to the supply chain next year, by maritime consultant Drewry.

“We are starting to see that some ocean carriers are withdrawing from NVOCC relationships and others making it difficult for NVOs to offer carrier-like fixed-contract rates to shippers under preferential ‘named account’ terms agreed in advance with ocean carriers,” it said.

Several forwarding contacts have told The Loadstar they have been unable to secure rate agreements from the lines for January on the Asia-North Europe and transatlantic routes.

“Our account manager seems to have gone to ground – 18 months ago we couldn’t get rid of him, now he’s constantly unavailable and doesn’t reply to our e-mails,” said a director of one UK-based NVOCC.

Another forwarder said all he got back from his account manager was “excuses” for not quoting January rates, and that the stock answer from carriers was: “Let’s wait until after CNY.”

As a consequence, small, and even some mid-sized, forwarders and NVOCCs are unable to offer any guidance on next year’s freight charges to their shipper customers.

The fear from this situation is that it will force many smaller shippers to, at best, defer their orders or, in some cases, abandon their product orderbooks altogether, given the uncertainty in the market and the risk that lower-value imports will become unsustainable.

#shipping #SupplyChain

https://theloadstar.com/four-major-threats-almost-guaranteeing-another-challenging-year-for-shippers/

This is the “decarbonized future!” These people are insane.
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Giant Kites That Drag Cargo Ships Across Oceans Go on Trial

Add ships being dragged along by giant kites to the list of things the industry is exploring in its quest to decarbonize.

At the start of next year, the Ville de Bordeaux, a 154-meter-long ship that moves aircraft components for Airbus SE, will unfurl a 500 square meter kite on journeys across the Atlantic Ocean. It will undergo six months of trials and tests before full deployment.

Shipping carries more than 80% of all goods traded globally but also accounts for almost 3% of man-made carbon dioxide emissions.

#AbsoluteZero #Shipping

https://finance.yahoo.com/news/giant-kites-drag-cargo-ships-050000644.html

Important to note the PORT is shut down as well — another wrench thrown into gears of global #shipping / #SupplyChain!

As well as the insanity of not being able to buy food...

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Locked-down residents of Chinese city Xi'an struggle to secure food, turn to bartering

Residents of the locked-down Chinese city of Xi'an are being forced to barter for food and essentials, while a second city has been put under restrictions following the discovery of just a handful of COVID-19 cases.

Social media posts from residents of Xi'an, who have been confined indoors since December 23, show them swapping things like cigarettes and skincare products for food.

People living in the epicentre of the outbreak are not allowed to go out at all, and must have goods delivered to them.

"[We are] returning to primitive society," one person complained on Weibo. "I'm starving to death, there is no food, but my community won't let me go out, help me!" said another.

A video that went viral on Chinese social media shows a man trading a Chinese cabbage, a carrot and a tomato for two packs of cigarettes. "The most reliable hard currency in Xi'an now is the cigarette," a Weibo user wrote.

One resident offered a one-hour maths tutorial for three potatoes.

"Five eggs for a piano lesson," another posted.

#China

https://www.abc.net.au/news/2022-01-05/yuzhou-locked-down-residents-xi-an-struggle-food/100738590

Federal Reserve starts monitoring Logistics challenges

Above is the Federal Reserve Bank of NY’s new “Global Supply Chain Pressure Index”

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Supply chain disruptions have become a major challenge for the global economy since the start of the COVID-19 pandemic. Factory shutdowns (particularly in Asia) and widespread lockdowns and mobility restrictions have resulted in disruptions across logistics networks, increases in shipping costs, and longer delivery times. Several measures have been used to gauge these disruptions, although those measures tend to focus on selected dimensions of global supply chains. In this post, we propose a new gauge, the Global Supply Chain Pressure Index (GSCPI), which integrates a number of commonly used metrics with an aim to provide a more comprehensive summary of potential disruptions affecting global supply chains.

More here:

https://libertystreeteconomics.newyorkfed.org/2022/01/a-new-barometer-of-global-supply-chain-pressures/

#Shipping #SupplyChain

Cargill, global farm commodities [FOOD] trader, has confirmed one of its chartered ocean vessels was “hit by a projectile” on the Black Sea. The vessel remained seaworthy [ie didn’t sink], but as you can imagine, no one will be exporting food through this passage at this point.

Indeed, Maersk has halted all port calls in Ukraine.

Bunge Ltd has suspended operations in its Black Sea grains port in Nikolaev, Ukraine.

Video report on effects on world food supply forthcoming - stay tuned @iceagefarmer .

#wheat #Ukraine #Russia #Shipping

https://www.reuters.com/world/europe/russia-halts-vessel-movement-azov-sea-black-sea-open-2022-02-24/

BREAKING: Two more merchant vessels have been hit by missiles. In modern times, I refuse to believe this is an accident. This is an [yet another] attack on shipping.

#1 - Moldova-flagged chemical tanker Millennial Spirit, fired upon by a Russian Navy ship 12 nautical miles south of Ukraine’s Yuzhniy port. However Moldova's Navy then said "the source of the missile launch is unknown.”

#2 - 2020-built panamax Namura Queen, owned by Japan’s Nissen Kaiun, was presumably hit by a rocket at the anchorage of the Yuzhny port.

#3 - [ see previous post ] - Turkish-owned bulk carrier Yasa Jupiter was hit by a missile off the coast of Odessa. The ship is chartered now by Cargill, shipping foodstuffs.

More reports @iceagefarmer

#ukraine #Russia #Shipping

https://splash247.com/two-more-ships-hit-in-the-black-sea/

Maersk, biggest shipping company in the world, SUSPENDS all container shipments to Russia.

This is complete dismantling of the global supply chain. It’s even more insane than flattening the curve.

It’s not virtue signaling - it’s not sanctions. Its not a war between nations… It’s a war on ALL the people of the world.

#Shipping

https://www.nasdaq.com/articles/maersk-suspends-all-container-shipping-to-russia

Shippers Cut Off Russia - Wheat Price Explodes - Cyberattacks on Shipping

As Major shipping companies are cutting service to Russia and UK bans shipments from Russia, the disruption to global food supply is now a lasting one. What effect will cutting out the breadbasket of the world have, and--more importantly--who benefits from doing so? Christian breaks it down in this Ice Age Farmer broadcast.

via @iceagefarmer

https://www.iceagefarmer.com/2022/03/01/shippers-cut-off-russia-wheat-price-explodes-cyberattacks-on-shipping/

Youtube: https://youtu.be/S86VxWYmwG4

#iafvideo #russia #ukraine #wheat #shipping #SupplyChain