Doesn't matter if you are a consumer or investor- you need to know why this latest trade event is so important. My latest
@cnbc
piece. Suez Canal blockage is delaying an estimated $400 million an hour in goods
Have you ever thought of coming to Haunted Ringwood Manor in Ringwood, NJ
@Zak_Bagans
? It has a cool spooky history. It’s the state's largest historic site and home to some particularly creepy tales.
Wonderful story on how faith is found and spread by al ages.
@JLo
daughter Emme releases new kids' book, Lord Help Me Will share this with my CCD class. via
@DailyMailCeleb
BREAKING NEWS
@Regeneron
tells
@megtirrell
@cnbc
aims for COVID-19 drug trials by early summer. Meg- they have ability to ramp up production. They have identified antibodies that neutralize the virus. They identifying the best ones
#coronavirus
This makes me so sad. Laura inspired me to be an author and to be fearless. She grew up in the 1800’s. This is history—-Laura Ingalls Wilder’s name stripped from children’s book award over ‘Little House’ depictions of Native Americans
BREAKING TRADE DATA: Containers Don't lie- Port of LA sees a 19.1% decrease in Chinese imports and U.S. Exports declined 19.3% to 140,332 TEUs, the 12th consecutive monthly decline of exports. Port reporting 25% fewer ship calls. This is the reality of trade.
#TradeWar
Breaking port news-
@portoflongbeach
confirms only one terminal will remain 24/7 as of now. Still in process of expanding other terminals. Important to remember EVERY single facet of the supply chain needs to be on board w/ this! You need manpower & equipment. No easy fix
@cnbc
Current vessel pileup in
#suezcanal
per
@MarineTraffic
Upper - 78
Middle - 18
Lower - 90
Back up to Oman/Yemen border
Also the fancy u-turn of the HHM Rotterdam
Abby, my 13 yr old saw the news & wanted to send her rendition of
@camphalfblood
“The Tree on the Hill” to Laura Benanti. Abby was supposed to go to Broadway for her 14th birthday in March but that will have to wait.
@LauraBenanti
this one is for you!
#sunshinesongs
MSC tells me, they are investigating the fake notice on the cancellation of Global Bookings. I asked them if their system was compromised b/c how can clients be receiving that email. No comment as of yet b/c the investigation is ongoing.
TRADE ALERT- all Maersk vessels due to transit the Red Sea / Gulf of Aden will be diverted south around the Cape of Good Hope for the foreseeable future.
#redsea
Breaking Port news
@PortofLA
tells me “Not one marine terminal will go 24/7 tomorrow. This a process to work the details of expanded hours leading to around the clock work in the private sector. Seroka will be meeting w/industry associates tmrw on this. No ETA as of today.”
@cnbc
When you look at trade as a % of GDP, the E.U. tops China. Specialty food tariffs are on & US awaits retaliation. Last round of tit for tat hit Whiskey,
@harleydavidson
& others. Containers don't lie to understanding trade war impact.
@SpecialityFood
BREAKING TRADE NEWS- Ocean Shipping Reform Act passed by a vote of 364 to 60. Aimed at stopping the ocean carriers from refusing to load U.S. agricultural and other goods for exports to Asia and around the globe. I was the first to quantify the loss on
@CNBC
#trade
(1/2)
BREAKING RAILROAD NEWS-Two of the largest train unions tell me the quality of life must be addressed in the contract or NO ratification. Exclusive: A potential railroad worker strike could cost the U.S. economy $2B everyday
#Railroadstrike
#railroad
DEVELOPING- THE ILWU JUST RELEASED THEIR STATEMENT ON THE CLOSURE OF THE PORT OF SEATTLE. My CNBC article has been updated to reflect the changes please see below on what the ILWU has to say.
#trade
#ilwu
BREAKING RR LABOR DEAL DETAILS! Spoke with the spokes person for the labor union. For the first time the railroads are addressing their attendance policies and the quality of life of workers are going to be addressed. Discuss a precedent for future negotiations.
#rail
#railroad
BREAKING PORT NEWS-
@PortofLA
@PORTOFLONGBEACH
to charge Ocean Carriers Daily Fee for Containers that linger on terminals. Starting Nov. 1 ports will charge $100 per container per day over dwell time. Charges start after 9 days by truck; 3 days by rail.
#containers
NINGBO LATEST- Logistics company on ground tell me- trucking and warehouse services are still severely impacted as only 30% of drivers are available.
#ningbo
#covid
#china
Putting on my old field production hat. To bring a multi-camera live production like this together is amazing. Given the location and space, these videographers, lighting, and crew are awesome
@joshuagates
@Discovery
#EgyptLIVE
BREAKING! MSC, Mediterranean Shipping Company Starting March 1the temporary stoppage on all cargo bookings to/from
#Russia
, covering all access areas including Baltics, Black Sea and Far East Russia.
#ukraine
BREAKING TRADE NEWS- San Pedro Bay Ports Postpone Consideration of Container Dwell Fee Until Nov. 22
Noticeable progress in reduction of import containers on terminals per
@PortofLA
Gene Seroka.
#containers
logistics
@CNBC
BREAKING
#SHANGHAI
DATA!
@VesselsValue
Data "almost five fold increase in the # of ships waiting to load or discharge at Shanghai in the last 2.5 wks." Remember this is a result of the first 2 weeks of "targeted" restrictions. This latest lockdown will compound the congestion.
TRUE VESSEL COUNT IN SAN PEDRO BAY- New queuing system is skewing the# of vessels waiting:
@VesselsValue
tallied Total waiting: 77 (581,722 TEU)
* Waiting ‘At Anchor’ official anchorage: 32
* Waiting around 50NM point: 16
* Waiting anywhere between 100NM &550NM point: 29
@CNBC
#SuezBLOCKED
update: “Since this morning, another 23 vessels have arrived at Port Said outer anchorage area and 27 vessels have arrived at Suez outer anchorage area. A total of 326 vessels are now waiting for Ever Given to be freed from the sand.”
@BIMCO_PS
2022 is here but that does not mean Supply Chain is getting any better, My column dives in: 3 inflationary warning signals the world can’t afford to miss via
@freightwaves
data from
@XenetaSand
@freightos
Received a call tonight on the loss of a dear friend. Ken Duberstein, chief of staff to Ronald Reagan and on numerous corporate boards was a force in Washington. His laughter matched his passion. The stories he shared with me will forever be cherished. RIP Ken
Spoke with Andrew Boyle the co-president of
@BoyleTransport
They transport vaccines, defense and life sciences, this is one of the subcontractors you will see moving the
@pfizer
vaccine. God Speed to all in this historic logistics supply chain!
#CovidVaccine
BREAKING TRADE NEWS
@PortofLA
Gene Seroka telling
@GMJournalist
@FreightWaves
the "lulls" of Chinese holiday will NOT help the congestion the Port of LA. Discretionary income still being spent on retail. Strong market continues into early Lunar New Year.
#trade
#china
BREAKING NEWS-
@UsChamberOfCom
sends letter to
@POTUS
urging the administration to intervene immediately in the West Coast port negotiations by appointing an independent mediator.
#cnbc
#ilwu
#trade
NEW TRADE DATA-
@DrewryShipping
"The pandemic & ensuing supply chain crisis is the primary driver of the supercharged carrier profits & share price bonanza.....Simply put Longer the congestion lasts, the longer that freight rates & Carrier profits will stay extremely high."
LlATEST
#YANTIAN
PORT DATA FROM
@MarineTraffic
33 vessels anchored outside of port:
8 empty
16 partially full
7 full
8 Cargo vessels arrived to far today
TRADE EXCLUSIVE: dirty secret those outside of logistics do not know.
@PortofLA
is known as the container dumping ground in North America. Congested Port of LA receiving empty containers from Gulf, Southeast via
@freightwaves
#containers
#trade
#shipping
BREAKING TRADE DATA- My latest column Viewpoint: ‘Shanghai Surprise’ — and a new lockdown to worry about data from
@MarineTraffic
showing the flow of trade out of
#Shanghai
. via
@freightwaves
Based on the flow of trade and
#China
's trade deals with other countries US losses from Trump's China trade war will never be recovered, shipping data tells us
@NateBerkus
and
@JeremiahBrent
your
@hgtv
is a warm hug ❤️ I just had to tell you. Love the show and what you do. It’s more than just filling a house with pretty things. It’s tapping into the heart of a home which beats because of those who live inside.
#home
.
@harbortruckers
not impressed w/
@POTUS
supply chain plan: "Biden administration does not address the core issues that have been plaguing the supply chain
here at America’s port for years."
@CNBC
EXCLUSIVE TRADE NEWS: Shipping carriers rejected tons of U.S. agricultural exports, opting to send empty containers to China
@CNBC
#TRADE
#CARRIERS
@BIMCO_PS
breaking
@PortofLA
Nov. data: Total volume 812k TEUs,
* 9% decline compared to last Nov
* WHY: 86 container vessels were smaller w/ less capacity
* On track for all time record year: est. 5.5m TEUS
* Exports DOWN 33 of 37 mo.
"URGING" action
#trade
#china
@CNBC
@FreightWaves
Still no guidance on how much China will buy over 2 yrs in the $40-50b "deal" REALITY: US soybean exports to China are 82.8% lower in the first 7 wks of 2019/2020 marketing season compared to the same period of the 2017/18 marketing year. Buys need to be near $50B to be a "win".