Grain Prices Drop | Russia To Refuse the Oil Price Cap | Container Lines Profits Decline | Series of Cruise Line Mishaps | 11 Day Voyage of Stowaways on a Ship's Rudder What's Going on With Shipping? December 4, 2022 In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the top 5 maritime stories as of December 4, 2022. First, he delves into the bulker sector and the impact Ukrainian grain is having on the market. Second, the Russians are facing oil sanctions and a price cap, that they announce they will oppose. Third, the container market is seeing falling volumes, rates, and profits; what does this mean for the large container lines. Fourth, a trio of events befell the cruise lines with a passenger falling off a Carnival ship, a lifeboat falling off a Royal Caribbean vessel, and a rogue wave killing a passenger on a Viking cruise ship. Finally, three people were so desperate to escape Nigeria, they rode on a ship's rudder for 11 days. #grain #oilcap #supplychain #cruiseships #stowaways Support What's Going on With Shipping via: Patreon: Twitter: @mercoglianos Facebook: @wgowshipping Email: mercoglianosal@ 00:00 Introduction 00:30 1. Ukrainian Grain 02:24 2. Russian Oil Cap 07:10 3. Container Rates, Volumes and Profits Falling 12:41 4. Cruise Sector 23:01 5. Stowaways 1. Cargill Resumes Shipping Grain From Ukraine Black Sea Grain Initiative Joint Coordination Centre Dirty Bulkers Are Now Being Used To Carry Food Crops to Asia Larger Wheat Harvest in Ukraine Than Expected 2. Russia Says It Won’t Accept Oil Price Cap Could Russia sanctions work in practice even if they fail on paper? Shipping Costs for Russian Oil Soar Ahead of More Sanctions E. Finley-Richardson 3. Container shipping rates still sinking, no sign yet of market floor Maersk Revamps Network for Shipping’s ‘New Reality’ Carrier results could fall up to 70% in the fourth quarter: Alphaliner Container Shipping Industry Passes Earnings Peak Could MSC Be Mulling a 2M Split? FMC: More Than 175 Charge Complaints Submitted Against Ocean Carriers Under New Shipping Law 4. Cruise ship passenger, 28, claims he has NO IDEA how he fell overboard Carnival Valor - but insists he was NOT drunk even though 'can't say' how many drinks he had to celebrate winning an air guitar competition - as he recounts 20-hour ordeal Quantum of the Seas Lifeboat Accident Caught on Video Rogue Wave Kills Passenger on Viking’s Newest Polar Expedition Cruise Ship He's stuck in the chute FUNNY! Oasis of the Seas 5. Stowaways Rescued from Ship’s Rudder After 11-Day Voyage