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Jensen Warns U.S. Ag Exporters: Red Sea Disruptions Raising Rates in 2024

By Stas Margaronis Lars Jensen, CEO at Vespucci Maritime based in Copenhagen, warned U.S. agricultural exporters that skyrocketing spot freight rates in 2024 could continue for the foreseeable future as vessels continue to be diverted away from the Suez Canal. Jensen noted that ocean container spot rates from Shanghai to New York rose from around $2,500 in December to nearly $6,000 in May. Rates...

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Articles

OWNER-OPERATOR DRIVERS ASSOCIATION’S SPENCER URGES TRUMP & CONGRESS TAKE ACTION TO PROTECT TRUCKERS

    BY STAS MARGARONIS With truckers playing a crucial role providing medical supplies and food for a nation under lockdown from the Covid-19 virus, drivers are coming under stress from long driving hours leading, in some cases to Covid-19 infection. This prompted the head of the Owner-Operator Independent Drivers Association (OOIDA) to demand President Trump take action: “Once word...

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SEAINTELLIGENCE’S JENSEN: ASIA EXPORT DECLINES, BLANK SAILINGS, IMPACT ON GLOBAL IMPORTERS & ABANDONED CONTAINER LIABILITY OF FORWARDERS

    Lars Jensen BY STAS MARGARONIS Lars Jensen, CEO of Copenhagen-based SeaIntelligence provided the following ocean shipping reports via LinkedIn: Far Eastern exports declined 1.4 Million TEU in Jan/Feb. New data from Container Trade Statistics show that the combined container volume exports from the Far East in the two first months of the year declined from 14.2 Million TEU in 2019...

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U.S. and China Must Cooperate Fighting Pandemic

  Zhao Lijian, spokesman and deputy director general of China’s Ministry of Foreign Affairs (Photo: Kyodo) By Stas Margaronis China’s Ambassador to the United States is urging that the United States and China set aside their differences and work together to fight the Covid-19 pandemic. Unfortunately, as the Ambassador appeals for cooperation: Zhao Lijian, a spokesman for China’s Ministry of...

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COVID-19: FLOATING HOSPITAL CRUISE SHIPS BY CARNIVAL, HOLLAND AMERICA, PRINCESS CRUISES & P&O AUSTRALIA AT U.S. PORTS

  The Carnival Surprise Could Be Deployed As A Floating Hospital (Photo: Carnival Corporation) By Stas Margaronis Carnival Cruise Line, Holland America Line, Princess Cruises and P&O Cruises Australia are offering to convert some cruise ships  into temporary hospitals for non-COVID-19 patients. Carnival Corporation says it will offer up to 15 cruise ships for use as floating hospitals that...

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Coronavirus: Presidential Activation of Defense Production Act Will Expedite Medical Supplies & Could Direct Investments In Jobs, Infrastructure, Transportation, Manufacturing Vital To National Security

“First of all, governors are supposed to be doing a lot of this work, and they are doing a lot of this work…The federal government is not supposed to be out there buying vast amounts of items and then shipping. You know, we’re not a shipping clerk.”- President Donald Trump, March 19, 2020 By Stas Margaronis As doctors and nurses clamor for protective gear and medical supplies to combat the...

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TEXAS PROMOTES $37 BILLION COASTAL PROTECTION COMPLEX- INCLUDING $12 BILLION GALVESTON BAY BARRIER – TO PROTECT CITIES, PORTS & PETROCHEMICAL INDUSTRY

Illustration: U.S. Army Corps of Engineers BY STAS MARGARONIS In 2017 Hurricane Harvey caused 51 inches of rain to fall on the Houston area causing massive flooding, shut down the Port of Houston, damaged petrochemical facilities and caused $125 billion worth of damage. With that experience in mind, Texans are supporting a gigantic storm surge defense complex projected to cost as much as $37...

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As Storms Continue In 2020, Mayors Say Flood Impact To Mississippi River Cities, Ports & Farmers Will Require New Infrastructure Spending & Factoring Climate Change

By Stas Margaronis The catastrophic flooding of 2019 appears to be repeating itself in 2020 with another round of rains and flooding that have motivated Mayors from hard-hit Mississippi river cities as well as farmers, shippers and ports to demand that Congress and the Trump administration invest as much as $12 billion to: upgrade neglected waterways, repair flood damage and factor climate...

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ARCADIS’ DIRCKE WARNS OF GROWING FLOOD AND SEA LEVEL THREATS TO VENICE

  BY STAS MARGARONIS, RBTUS The City of Venice must to adopt “a resiliency plan to stave off the long-term threat of increased flooding and that flooding can come not just from high sea levels but also from the rivers and heavy rainfall,” according to Piet Dircke, a water management consultant for the Dutch firm Arcadis. The resiliency plan needs to factor new construction and upgrades that...

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TEAMSTER HARBOR TRUCK DRIVERS WELCOME NEW CALIFORNIA LAW REGULATING OWNER/OPERATORS

By Stas Margaronis Two Southern California owner/ operator harbor truck drivers say they welcome the passage of California’s Assembly Bill 5 which they hope will help pave the way for owner/operator drivers to become employees with better wages, healthcare and job security. The recent passage of California’s Assembly Bill 5 (AB-5) makes employing owner operators more difficult for companies,...

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REPUBLICANS SAY TRUMP AIDS ISIS BY ALLOWING TURKISH ATTACK ON U.S. KURDISH ALLIES IN SYRIA

  BY STAS MARGARONIS Republicans in Congress are urging President Trump to reverse his decision to allow the Turkish attack on U.S. Kurdish allies, which could cause the release of 10,000 ISIS fighters from detention camps in Northern Syria. Kurds Strike A Deal With Russia and Syria The effect of the President’s action has led to a reported deal between the Kurds, Syria and Russia that may...

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