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Reuters (September 13)

2021/ 09/ 13 by jd in Global News

“Shortages of metals, plastics, wood and even liquor bottles are now the norm.” As these “hobble” the U.S. economy, “new challenges continue to arise, including hurricane disruptions to U.S. oil refineries.” Supply lines present additional challenges. “With so many manufacturers rushing to build supplies at the same time, the containers, ships, and trucks needed to move the goods often aren’t available, and have soared in cos…. That has disrupted some of the mechanisms that normally help keep supplies, and prices, in check.”

 

Deutsche Welle (July 24)

2019/ 07/ 26 by jd in Global News

“A record high temperature in Germany is forecast to stand for only a day as Europe’s second summer heat wave bites. Ships have been stranded, rail travelers urged to delay trips and tigers fed chicken ice blocks.” With much of Europe, Germany is sweltering in the record heat wave.

 

Mother Jones (July 12)

2017/ 07/ 14 by jd in Global News

“One of the largest icebergs ever recorded broke off Antarctica’s Larsen C ice shelf…permanently altering the coastline of our planet’s frozen continent. Twice the size of Long Island and packing a trillion tons of ice—fully melted, that’s enough water to fill Lake Michigan—the newly birthed iceberg seems like a perfect symbol for our overheating world.” And yet, that is slightly misleading. Other than posing a shipping hazard, “as long as the parent ice shelf remains stable, A68 should have no measurable impact on the rest of the planet.”

 

The Economist (September 22)

2016/ 09/ 23 by jd in Global News

“There is an easy way out of the crisis in shipping. If enough lines scrapped their ships, the amount of spare capacity in the industry would fall.” But this is easier said than done. Few players want to scrap enough of their own capacity. “Until some serious scrapping takes place, do not be surprised if more shipping lines declare bankruptcy.”

 

Institutional Investor (February Issue)

2016/ 02/ 28 by jd in Global News

“In this era of globalization 50,000 ships carry 90 percent of the $18.5 trillion in annual world trade” and this is causing investors to take note. One firm named CargoMetrics now seeks to “map historically and in real time what’s really going on in economic supply and demand across the planet” with the goal of being “able to automatically profit from spotting any publicly traded security that is mispriced.” To do this, they are utilizing historical cargo data and the global automatic identification system that vessels of 300 gross tons or more are required to use for collision prevention.

 

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