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Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
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May 10 • 6 tweets • 5 min read
What the Ship?
May 12, 2022

1️⃣ #Shipping Stocks Tumble
2️⃣ Roll-on/Roll-off Insurance Increases
3️⃣ @ilwulongshore Contract Renegotiation
4️⃣ Impact of #BlackSea Maritime War
5️⃣ #Diesel Costs Increase in Northeast US

1️⃣ Shipping stocks take another beating, sinking by double digits

H/T @GMJournalist @FreightWaves

freightwaves.com/news/shipping-…
2️⃣Car Import Costs May Rise As Marine Insurance Report Warns Of RORO Risk

H/T @business

gcaptain.com/car-import-cos…
3️⃣ Employers, Dockworkers Aim to Keep Cargo Moving During Labor Negotiations

H/T @MikeSchuler @gCaptain

gcaptain.com/employers-dock…
4️⃣ Ukraine War – New Marine Insurance Report Studies Impact Of Russian Aggressions On Shipping

H/T @johnkonrad @gCaptain

gcaptain.com/marine-insuran…
5️⃣ The world is ‘crying out for diesel.’ Product tankers could win big

H/T @GMJournalist @FreightWaves

freightwaves.com/news/the-world…

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More from @mercoglianos

Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
May 12
1/While @johnkonrad is focusing on the @USNavy, let me direct the issue to the @DeptofDefense & @USDOT. Right now we are seeing falling supplies of diesel in New England & Mid-Atlantic.

Prices for gas and diesel have spiked since the #RussiaUkraineWar... Image
2/Sanctions against Russian petroleum, means than crude oil and diesel imported in the US is down.

The issue that should pop into everyone's mind is why are we importing any POL from Russia in the first place?

gcaptain.com/united-states-…
3/The answer lies in the fact that we have not built a new oil refinery in the US since the 1970s...

nytimes.com/2005/05/09/bus…
Read 18 tweets
Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
Apr 26
1/@johnkonrad had this latest post that dealt with the issue of Ukraine closing several shipping routes out of the ports of Izmail and Reni on the Danube due to mines reported in the Gulf of #Odesa due to escalation in mining during the #UkraineRussiaWar.

gcaptain.com/floating-mines…
2/One of the issues raised by @johnkonrad and myself is the role of @NATO_MARCOM in the #BlackSea to protect shipping flagged and owned by @nato countries. We had numerous early incidents of ships being targeted and even used by Russia as a shield.

3/While most attention was drawn to the fight for Kyiv, the Russians aimed to form the land bridge from Crimea to Donbas, secure the Sea of Azov & blockade the Ukrainian coast. This has led to the dozen of ships and hundreds of mariners being trapped.

…list.maritimeintelligence.informa.com/LL1140552/At-l…
Read 7 tweets
Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
Apr 1
1/The @USTRANSCOM_CDR and Administrator of @DOTMARAD
testified before the @HASCRepublicans & @HASCDemocrats on the current state of #Sealift & its future is bleak.

The purchase of two 24yr old ro/ros does not negate the loss of 3 LMSRs & 3 ex-MPS...

2/Even the creation of the Tanker Security Program with the intent of flagging in 10 tankers and the Maritime Security Program of 60 ships is a band-aid on the problem and does nothing to stimulate ship construction or infrastructure development.
3/The reason that the @USNavy is floundering, is the same thing that the #sealift fleet is sinking - the lack of investment in our maritime infrastructure in both military and civilian ship construction.

There are examples of 3 nations where it works.

news.usni.org/2022/03/28/fy-…
Read 8 tweets
Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
Mar 30
@robertcobrien 1/Since the US govt stopped supporting the merchant marine - end of differentials & the idea we can rely on efrective US control/allied merchant fleets - we have allowed the maritime infrastructure of the US to decay. Without commercial building, military suffers...
@robertcobrien 2/We need to look at how China, Korea and Japan operate their shipyards. They are able to not only produce top of the line navies, but build 93% of the world's merchant fleets. Stop looking at the PLAN and look at China Shipbuilding Industry, Mitsubishi, Hyundai, CSSC, STX...
@robertcobrien 3/DSME, Samsung & Imabari. These yards build both commercial and naval ships.

We need to look not only at the shipbuilding process, but the management, resourcing, and financing of ships.

Why is there no @DeptofDefense presence at cmashipping.org/events/?
Read 5 tweets
Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
Mar 26
1/Cargo Ships As Missile Carriers Is One Of The Navy's Options To Offset Cruiser Retirements

The Navy needs more ships to carry missiles in order to overcome the loss of Ticonderoga cruisers, five of which could be retiring this year.

thedrive.com/the-war-zone/4…
2/@USNavy, that operates completely unarmed underway replenishment ships under @MSCSealift, with commercial merchant mariners, now wants to place VLS on board to offset the loss of cells from decommissioned cruisers.

This is notwithstanding the current condition of the fleet.
3/I usually do not usually differ with @RepElaineLuria, but on this one - while agree it could be done - I dont think they should.

The concept of arming a cargo ship is even worse. First, we don't have enough for our #sealift mission. Second, what is the status of the mariners?
Read 4 tweets
Sal Mercogliano (WGOW Shipping) 🚢⚓🐪🚒🏴‍☠️ Profile picture
Mar 15
1/Some photos from today of #EverForward. A view of her shows her bow is almost 4 meters (13 feet) out of the water. She is 17 to 24 feet of water and draws 42 feet.

This is is going to be a prolonged salvage to get her off.
2/She missed her southbound turn (unknown why) and went out of Craighill Channel - dredged from 38 to 50 feet to accommodate neo-Panamax ships like #EverForward.

She departed the channel between red buoys 16 & 14 and plowed into the spoil area from the dredging; about 24 ft.
3/Unlike her larger cousin #EverGiven (400m in length and 20,000 TEUs), which grounded at her bow and stern in the Suez last year, #EverForward (334m & 12,000 TEUs) is aground from bow to stern as demonstrated by her exposed bottom fore and aft.
Read 10 tweets

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