I have nothing to say other than this: your channel is a treasure. It's an informed perspective on an element of civilization that impacts everyone on Earth. I've learned so much. Thank you.
he is reading the news to you directly from online sources. in this case, it is G Captain, free to all no subscription.. he gives you the sources at the beginning of each reading. its pretty simple reading.
@@joblo341 exactly. it’s interesting. that’s why we watch. And you surely will know that sometimes people just say a bit of their background in the comments. Yes, very interesting! We are here to learn!
as a canadian farmer ive always found shipping (trucking in my case) livestock internationally to be wierd. it only changed this year, but previously we used to sell cattle to a cargill plant in michigan, aslong as the cattle were alive when crossing the border they could be butchered by cargill in michigan and still fit within USDA rules for the beef to be labelled and sold as a product of USA. as of march 2024 it now must be raised in the US, which is probably how it should be lol.
They found out because of imported chicken labelled from here. I am in Michigan, and we have pfas issues here, HUGELY (also at pig farms in my huge farming county, far from detroit)
I remember around 2013ish when I was running containers out of Penn Terminals in Eddystone, PA they were shipping literal boat loads of cattle over to England. I was told it was done to create more variation in the genetics of the cows in the British Isles.
@@MADHIKER777 Since Crimea, that's the entire reason they took Crimea in 2014. To make a rail to the warm water port for Vlad's cronies (avoiding the ice breaker route)
Story #1 should be who greenlighted the Dali as seaworthy when it's electrical problems were not resolved while docked? #2 should be who was in command of the Dali? Were he/them actually licensed to operate such a vessel? #3 The Dali summoned escort tugboats while in channel, why did they disembark before reaching open sea? Coincidentally moments after the tugs left her sides the Dali lost main power, then backup power and finally emergency power failed as well. Why?
The answers to most of these questions are in the NTSB preliminary report, which Sal did a video about a few days ago. Juan Browne (Blancolairio channel) has also done a video about it.
The problem of the pirates in the Red Sea hits harder when you think that the USA really became a world power by fighting piracy in the early 1800s. In he US Marine Corps hymn "From the halls of Montezuma to the shores of Tripoli", the Tripoli part was from fighting pirates. The USA's navy first major actions after the Revolutionary War was fighting pirates.
Take supervision of the building process away from the US Navy and Coast Guard brass. They get to request new ships, have input on design and amenities. Once approved, that's where the design input stops. They get to monitor the construction process, but that's it. The brass always wants the latest, greatest, newest, best that gets developed while the ship is under construction. Like Sal said. Once construction begins, that's the final design. New additions and changes are applied to the following builds.
While watching ship spotting videos on You Tube, I noticed a lot of tankers going to and from ports in Russia through Turkey's Bosporus Strait. Thanks Sal for another timely update and analysis-always look forward to hearing from you.
At 33:20 you are 100% partly correct. If you change 20% of the ship it impacts 85% of the design since so many of its systems are distributive. Changing of some of the installed system such as a Gun type or an antenna type that is one thing, but once a degaussing, electrical distribution, ship structure (lengthened and partial deck removal) and other systems are changed, the entire ship has to be revaluated. The initial stated goals of only 20% changes were never realistic without limiting the types of changes allowed. 15 years previously one study looked at a modified LPD-17 (new significant capabilities) where a similar 20% change was the stated goal, but as part of that study it was determined 80% of ships compartments would be impacted and 85% of the ship's construction drawing. If you need to add a new electrical conduit, all the space in-between where it originates to where is going, that may not have other direct changes, are impacted since you have to add conduit to them. It could be the changes are not complicated, but it still required a lot more work and time to complete the redesign.
Sal, that was a great rant about the standard government practice of building ships before the plans have been finalized. Canada has this problem in spades. We have Norwegian designed Arctic patrol vessels which we 'tweeked to suit our particular needs". The result: the cost more than doubled. Next comes the new frigate, an 'off the shelf' British design. It is already showing signs of massive 'bloat', with costs far exceeding what the Brits pay for theirs and not a plate yet cut. We need icebreakers too. I hope that we shop foreign again (thinking about that Finnish builder that the Russians used) and that - somehow we discover that buying a turnkey standard vessel is all right. If we need a few tweaks, let the client apply to Parliament for budget to make changes (like a better stereo or alloy wheels) after the ships are delivered.
Live stock shipping on the roadways and rail are the same way. There are good service providers and not so good service providers. Glad to hear something other than local news! Much love from Baltimore
@@mabo9636You are watching a crumbling giant grasp for more power. The problem with china is internally the system was built carelessly and now has begun to crumble. What leaders often do is to reach out and try to create a sense of threat to galvanize the domestic politics. China has a whole lot of stuff, unfortunately it’s falling apart, so they have to build stuff faster, but the quality is still low, so it falls apart even faster. The threat to the US, likewise, is not external. Internally our political system is both feckless and corrupt. We risk losing the entire House of Representatives last week that was averted by the minority party stepping in to preserve the position of the majority speaker of the house. Had he been ousted I doubt we would have had a congress until January of next year. We have a federal highway that was collecting 4$/car for a toll bridge (most US bridges don’t collect tolls) that could not even protect the footings of its bridge from ship strike, for a bridge that is 50 years old. We have an attorney general in Texas who has been accused twice for criminal activity in two separate events, the second by his own staff and his own party. His own party brought impeachment proceedings against him and this, majority, party still could not impeach him😂. We have a major party candidate who engaged in his 4 of 6 trials, he’s lost the three previous, we have a judge, his appointee, trying to trip up the judicial process, and the Supreme Court trying to block his sedition trial for political reasons. We have a current president spewing lies like he was a Hasbara mouthpiece of Israeli far right extremist telling the American people things he obviously knew were lies, and the Israelis outside of the current government were telling us that were lies. The Secretary of State, gave offensive military equipment to Israel which exceeded congressional authorization (cause they were busy playing Russian roulette) after Genocide proceedings had been filled and accepted at the international court of Justice. Like that’s a violation of our agreements to the UN. See a pattern? When you point the finger at someone (others) four fingers point back at ourselves. We don’t need to fix the Chinese, let them blow themselves up, we need to fix ourselves.
Durban port, a very contentious thing by me, and the politics are massive, with a whole load of players who you would not think of being involved, and a whole lot of dealings, that are not in the best interests of the port and city long term, but which are very lucrative to those involved with them. Plus another 2 ports close by also aiming to get a part of this very lucrative market.
Living in Northern Illinois, have to say I appreciate a good Wisconsin joke- beer, cheese but really not a lot of Italians. I grew up on Long Island and traveled across the US during the summers (both parents were teachers) and I have to say there are only three cities to get decent pizza (NYC, Boston and Chicago- last one is debatable but married to a Chicago born boy so I’ll defend it). Definitely a correlation between good pizza and the Italian population and yes I miss a good slice of Sicilian living out here. Would not have guessed ship building going on in the state to my north. Learning something new each video.
@@ThatOpalGuy ALWAYS focused on Sal! He’s like Ian McCollum or Bobby Fingers, I like to listen. Brings me down a bit after a workday (1848 over here right now).
Thank you Sal, great update on general shipping. It's a crazy world out there right now and you must be so busy! These updates are much appreciated. I hope all mariners, commercial and military, pilots, etc. stay safe.
I bought the book To Rule... to get a view on something I've never read about before due to this channel. I normally read about science and the history of science so I'll see if the book can hold my interest and educate me on something I thought of as "boring". Thanks for rec.!
The last segment is the most important. The "planning" that is being done is so incomplete and corrupt as to be criminal. Where is the money being siphoned off to that the longer the delay, the more the government has to pay?
Hi We suffer the same problem in the UK. The designer comes up with a “PLAN” based on the parameters set by the customer, in our case the MOD. Everyone agrees the designer have done what was requested. This is when the problems start, just as an example here is what happens generally in the UK. The Army being No1 suggest some modifications, because in 3-4 YEARS it has taken to get to this stage, they want to change a few build aspects, but the Royal Navy now wants to amend their priorities, the RAF rarely has any say. This is why some projects which could have been beneficial, died because they became obsolete because of Government interference. As an example I give you TSR2, a super sonic fighter plane. It was built at Vickers at Brocklands in Surrey In the 60s. I actually saw it. It looked incredible, and dangerous. But the powers to be scrapped it. It was to advanced for their limited vision. This is why MOD procurement is always 5 years to late. 😢😢😢😢😢😢😢
have a look into the running cost of a lot of this high tec stuff . you can't bash the taxpayer to much while protecting the banks . remember the banks take two cuts of all weapons made , and the tax payer foots the bill
Thanks for another great one Sal! It would seem that broadly speaking, Peter Zeihan's thesis about the USA's withdrawal and contraction of global naval power projection continues to slowly manifest, especially in the commercial shipping sector.
WHAT THE SHIP : IMHO, the BEST commentary on worldwide shipping. My wish is that Sal can be a regular Congressional witness on these issues so we can begin to clean this mess up.
The last item of building a Coast Guard ship without a plan and slow delivery and cost overruns. And design updates. It reminds me of the SAAB vehicle engineers doing a vast amount of alterations, to improve a joint production bodyshell. The US Navy has to include the Latest bits and bobs in the frigate. In the UK a new ferry commissioned for CalMac, who have a fleet of aged ferries struggling to cope, is being built very slowly, with cost over runs!, but it is being built on the Clyde!!!!
@@SubTroppo The target for Australian sheep export mortality is 0.25%. As an example of 59,000 sheep on a transport approx 44 died on route - from pre existing issues. A lot has been done to achieve great shipping results and treatment on landing. Unfortunately, with Australia banning it supply will simply come from other countries with no regard to working with the buyers to improve treatment. So it is 'a feel good moment' that will actually will be a backwards step.
So Sal, congress needs people like you to advise them on these issues. It's time to suit up and get in front of the bench. Like the English did with Mr Browder about sanctions
It seems like there would be a perpetual imbalance in containers. Exporters need empty containers to fill, while importers have empty to get rid of. How does this work itself out?. Love the channel!
I was wondering what happens with a container ship if it encounters rough seas. Are those tall stacks of containers secure enough to stay put on a rocking ship ?
Dr. Sal - Thank you for calling out the US Military’s constantly stupid idea of building ‘most anything’ without final plans in place. Didn’t we learn anything from the Lockheed-Martin F-35 project? and the humongous cost overruns? Now the Coast Guard?? geez.
Hey Sal! So is it the Navy that cant get their ship together when it comes to shipbuilding, or is it the politicians and lobbyists lining their pockets that is causing us to decide that it's a good idea to start building ships without finished plans in hand? Serious question.
Hey Sal, I’m wondering if you have and can find any information of the port of Jacksonville? Over the past few months the docks on the west side of the 295 bridge have had less and less containers. Now there are barely ANY containers being stashed there and the ships that used to go there are not showing up anymore. Besides ONE ships. They are now showing up a little at the docks east of the bridge. I know it’s nothing compared to everything you talk about but I was still curious if you have any insight.
>Shipping industry sends plea to UN to protect Maritime Security "Who wants the UN to to enforce Maritime Security?" *all hands go up* "Who wants to pay for the UN to have a Navy so it can _actually_ enforce Maritime Security?" *all hands go down* Same reason they won't reflag to USA. Funny how that works.
I hear that they are getting ready to start building the F34. The F35 didn't work out so well, so they are going to build the new 5.5 generation since 6th wasn't so great an outcome. They are already building the flight decks for naval launches. The plans for the actual ships for the flight decks will be done with the latest JNIT methodology, also know as "Just Not In Time" production.
Do you think South Africa will remain a big focus? I know nobody knows for sure but I honestly can not imagine that eventually something won’t be done about the Houthi.
There was a short squeeze this week driving up prices. Earning are Tuesday pre-bell 4-5am ET. Goto Zim website and get their financial emails. I would not invest 90% of everything into one stock. At least spread it around other shipping stocks, NAT North American Tankers, pays a dividend, maybe FLEX (LNG). Dorian (LPG) (LNG and LPG/other gasses) use different ships. Shipping of methanol is done on LPG ships and is looking to be a future ship fuel. Butane uses LNG ships. Zim is also Israeli so make sure your are not getting taxed twice (Israel-USA has a tax agreement). -May want to take the Div (if any) as stock.
@@jonmccormick8683 Im not from USA and I have done extensive valuation on ZIM. Also ZIM pays a 30% dividend on net income. Im confident on the value. :)
Wouldn't it be in the best interest of shipping companies that transport livestock to have the animals in good shape at arrival? Apparently something I am missing and have been missing when one reads about the apalling conditions on slave ships. It just don't add up!
POLAR Security Cutter - the modules they are building are relatively simple. The shipbuilder's workforce would melt away if they didn't start cutting steel and burning rod.
Managing a project like building a ship does not have to come in late and over-budget. As you rightly point out, having a fully costed, fully agreed plan and sticking to it is the number 1 priority. It beggars belief that the governments of countries like the USA and UK don't just permit changes of plan, but are the major culprit in causing such changes. They have followed courses of action which have deliberately forced up costs and now they are acting surprised that other nations have stepped in and taken over - it is their own stupid policies and ideologies which have propelled the changes.
Sal, No helmet? Also here we don't have "Ranchers", we have "Pastoralists" for sheep producers. Cattle = "beef producers". "Grazier" covers both. Perhaps the Iranian "carrier" could accidentally run into a Mk48 torpedo?
Could you do a video covering domestic / international publicly traded shipping companies (tickers) and thier growths/strength/weakness. HOLY HELL. MIND READER
You don’t need to sign off on the whole design before you start building an icebreaker, just the mechanical design, and even then you don’t need every last detail. Do you really want them to hold up construction to determine where to mount every fire extinguisher, or to design electronic systems that won’t be fitted for years and will probably be obsolete by the time she sails?
Sal interesting to hear your view on "Flag States and Navies ".... Considering that the 12 Main classification societies cover 90% of the International fleet (and they have very few restrictions on their insured's fleet's flag - there are some but they don't exclude all flag of convince flag states), and those Classification Societies are under written/ reinsured (by insurance syndicates) consisting of the major insurance syndicates (Ie Lloyds of London (Uk), Prudential ( USA), Allianz ( Germany), AXA ( French) etc, etc) hence that theory is actually flawed. While there has always been the rights of [direct] protection due to sovereign interest by a vessel's particular flag (ie Traditional protection ), in the modern era of global economies it is a misconception that those countries with Navies won't protect flag of convenience vessel's, becuase those FoG vessels and their cargoes (if sunk, lost, damaged or causing a environmental issue) have a aggregating negative affect on the economic interest of the very country that their P&I Insurance association is located (and also on the economic lossed to the P&I underwitters/ reinsurance syndicates ( not to mention hull insurance and their under writters), whose primary places of buisiness are in Flag States countries with defence navies ( or their allies). That is why we have the UN sanctioned armada's such as the Anti Piracy Joint Navies fleets off Somali, and for example during the Gulf war ( 90's) we had the merchant shipping protection armadas of the allied navies. In that period I was reporting to the British Armada command while on a Liberian registered ship that was ultimately owned by an British Company/ chartered to a UK Company, ( manned by British, Polish and a a sole Australian, with Philippine crew), carrying Kuwaiti & Saudi crude oil, sold to New Zealand, Japan and Australia, while the ship it self was insured by a British P&I club whose underwriter / reinsurance syndicate consisted of of British, USA, German and Japanese companies, a bigger vessel in our fleet (also Liberian registered) was attached and Protected by the British and US navies.
Wisconsin has its Italians for sure, however Wisconsin like many other states including Minnesota should really be named "far far western & eastern Europe". I swear every European nation-state anywhere has some culture, township, town, or city representing that Euro-nation somewhere in Wisconsin, *ANY* , and I suspect any state east of the Mississippi river could be characterized as far far western Europe. Basically, it's who we were and still are.
I have nothing to say other than this: your channel is a treasure. It's an informed perspective on an element of civilization that impacts everyone on Earth. I've learned so much. Thank you.
he is reading the news to you directly from online sources. in this case, it is G Captain, free to all no subscription.. he gives you the sources at the beginning of each reading. its pretty simple reading.
@@gregknipe8772 It's not about the news. It's about the perspective provided by someone with experience in the maritime world. Context. Insights.
As an arborist from Arizona, I never miss a video from Doc Sal!
I'm curious, what to trees have to do with shipping?
I watch, just because he is interesting.
@@joblo341 Nothing, and furthermore Arizona is landlocked. In other words, OP is also watching just because he is interesting
hey i was just about to buy some ocean front property their!😅
@kavemanthewoodbutcher also as a regular joe schmoe warehouse worker, I agree!
@@joblo341 exactly. it’s interesting. that’s why we watch. And you surely will know that sometimes people just say a bit of their background in the comments. Yes, very interesting! We are here to learn!
as a canadian farmer ive always found shipping (trucking in my case) livestock internationally to be wierd. it only changed this year, but previously we used to sell cattle to a cargill plant in michigan, aslong as the cattle were alive when crossing the border they could be butchered by cargill in michigan and still fit within USDA rules for the beef to be labelled and sold as a product of USA. as of march 2024 it now must be raised in the US, which is probably how it should be lol.
They found out because of imported chicken labelled from here. I am in Michigan, and we have pfas issues here, HUGELY (also at pig farms in my huge farming county, far from detroit)
I remember around 2013ish when I was running containers out of Penn Terminals in Eddystone, PA they were shipping literal boat loads of cattle over to England. I was told it was done to create more variation in the genetics of the cows in the British Isles.
Thank goodness I sobered up before we got to the red Sea discussion!
I watched a video last night and Prof Sal was the star. About the large container vessel which got stuck in the Suez canal. Good job Professor Sal.
me too - uk bbc2
@@daveselbow9128Ooh, what program?
The LNG market has changed … Germany is now dependent upon US supplies
Particularly since the NORD pipeline went pffffff! 🔥
That is the entire reason the war happened. Iykyk
Burisma... iykyk
@@MADHIKER777 Someone thinking... also Burisma is not a made up thing.
@@MADHIKER777 Since Crimea, that's the entire reason they took Crimea in 2014. To make a rail to the warm water port for Vlad's cronies (avoiding the ice breaker route)
Story #1 should be who greenlighted the Dali as seaworthy when it's electrical problems were not resolved while docked? #2 should be who was in command of the Dali? Were he/them actually licensed to operate such a vessel? #3 The Dali summoned escort tugboats while in channel, why did they disembark before reaching open sea? Coincidentally moments after the tugs left her sides the Dali lost main power, then backup power and finally emergency power failed as well. Why?
Preach! These questions as well as how management can instantly distance itself from any bad news.
The answers to most of these questions are in the NTSB preliminary report, which Sal did a video about a few days ago. Juan Browne (Blancolairio channel) has also done a video about it.
@@alexandermonro6768 nope. Evasive and elusive. Read them and read my questions.
Nice to see What The Ship back - and that's a Very Busy Professor lately!
Thanks for doing what you do Sal! You must have Shiploads of energy!
Greetings to Bob, Al and Mandab 🫡
We’ll drink to that!
Excellent content...thanks Sal.
Thank you, very informative great show.
Wow, what a jam packed episode. Lots going on in the shipping sectors. Thanks Professor.
Welcome back Sal!! Keep up the good work!!!!
excellent Channel THANK YOU
The problem of the pirates in the Red Sea hits harder when you think that the USA really became a world power by fighting piracy in the early 1800s. In he US Marine Corps hymn "From the halls of Montezuma to the shores of Tripoli", the Tripoli part was from fighting pirates. The USA's navy first major actions after the Revolutionary War was fighting pirates.
Love how you explain things, Sal
Hello Everyone, Thank you Sal!
You looked 'dapper' on the BBC program last night. Good video.
Take supervision of the building process away from the US Navy and Coast Guard brass.
They get to request new ships, have input on design and amenities. Once approved, that's where the design input stops.
They get to monitor the construction process, but that's it.
The brass always wants the latest, greatest, newest, best that gets developed while the ship is under construction. Like Sal said. Once construction begins, that's the final design.
New additions and changes are applied to the following builds.
Great overview of the situation in shipping, currently.
thanks, Sal.
Thanks Sal, great as ever.
Thank you Sal. Videos are very informative.
Sal baby, you rock. Keep up d'good work.
Excellent episode as usual.
Thoroughly enjoyed this video.
I’m a bit surprised Sal didn’t mention anything about the barge getting loose and hitting the Galveston Bridge yesterday May 16th.
That was covered YESTERDAY.
I am always happy to hear the latest from Sal, well done sir, you are appreciated! :)
You're the best Doc.👍
While watching ship spotting videos on You Tube, I noticed a lot of tankers going to and from ports in Russia through Turkey's Bosporus Strait. Thanks Sal for another timely update and analysis-always look forward to hearing from you.
At 33:20 you are 100% partly correct. If you change 20% of the ship it impacts 85% of the design since so many of its systems are distributive. Changing of some of the installed system such as a Gun type or an antenna type that is one thing, but once a degaussing, electrical distribution, ship structure (lengthened and partial deck removal) and other systems are changed, the entire ship has to be revaluated. The initial stated goals of only 20% changes were never realistic without limiting the types of changes allowed. 15 years previously one study looked at a modified LPD-17 (new significant capabilities) where a similar 20% change was the stated goal, but as part of that study it was determined 80% of ships compartments would be impacted and 85% of the ship's construction drawing. If you need to add a new electrical conduit, all the space in-between where it originates to where is going, that may not have other direct changes, are impacted since you have to add conduit to them. It could be the changes are not complicated, but it still required a lot more work and time to complete the redesign.
Very thorough. Thanks.
As always great great broadcast very interesting keep up the good work!
I listened to this hours ago, came back to leave an algo exciting comment.
Thanks Sal
Sal, that was a great rant about the standard government practice of building ships before the plans have been finalized. Canada has this problem in spades. We have Norwegian designed Arctic patrol vessels which we 'tweeked to suit our particular needs". The result: the cost more than doubled.
Next comes the new frigate, an 'off the shelf' British design. It is already showing signs of massive 'bloat', with costs far exceeding what the Brits pay for theirs and not a plate yet cut.
We need icebreakers too. I hope that we shop foreign again (thinking about that Finnish builder that the Russians used) and that - somehow we discover that buying a turnkey standard vessel is all right. If we need a few tweaks, let the client apply to Parliament for budget to make changes (like a better stereo or alloy wheels) after the ships are delivered.
Thanks!
Live stock shipping on the roadways and rail are the same way. There are good service providers and not so good service providers. Glad to hear something other than local news! Much love from Baltimore
I was happy to see push tugs (tow tugs) being built in Ft Smith Arkansas, fun to watch launched
These little countries think that they hate the American hegemon until they taste the Chinese one.
the problem is not whose hegemon is. the problem is that balance of power is no longer there
@@mabo9636You are watching a crumbling giant grasp for more power. The problem with china is internally the system was built carelessly and now has begun to crumble. What leaders often do is to reach out and try to create a sense of threat to galvanize the domestic politics.
China has a whole lot of stuff, unfortunately it’s falling apart, so they have to build stuff faster, but the quality is still low, so it falls apart even faster.
The threat to the US, likewise, is not external. Internally our political system is both feckless and corrupt. We risk losing the entire House of Representatives last week that was averted by the minority party stepping in to preserve the position of the majority speaker of the house. Had he been ousted I doubt we would have had a congress until January of next year. We have a federal highway that was collecting 4$/car for a toll bridge (most US bridges don’t collect tolls) that could not even protect the footings of its bridge from ship strike, for a bridge that is 50 years old. We have an attorney general in Texas who has been accused twice for criminal activity in two separate events, the second by his own staff and his own party. His own party brought impeachment proceedings against him and this, majority, party still could not impeach him😂. We have a major party candidate who engaged in his 4 of 6 trials, he’s lost the three previous, we have a judge, his appointee, trying to trip up the judicial process, and the Supreme Court trying to block his sedition trial for political reasons. We have a current president spewing lies like he was a Hasbara mouthpiece of Israeli far right extremist telling the American people things he obviously knew were lies, and the Israelis outside of the current government were telling us that were lies. The Secretary of State, gave offensive military equipment to Israel which exceeded congressional authorization (cause they were busy playing Russian roulette) after Genocide proceedings had been filled and accepted at the international court of Justice. Like that’s a violation of our agreements to the UN. See a pattern?
When you point the finger at someone (others) four fingers point back at ourselves. We don’t need to fix the Chinese, let them blow themselves up, we need to fix ourselves.
The issue is they got nothing to lose, where as the US does.
Good update!
Durban port, a very contentious thing by me, and the politics are massive, with a whole load of players who you would not think of being involved, and a whole lot of dealings, that are not in the best interests of the port and city long term, but which are very lucrative to those involved with them. Plus another 2 ports close by also aiming to get a part of this very lucrative market.
Now the squeeze us truckers have been feeling doesnt just affect us, but ships too!
Sal, crushing it as always.
Good talk, thx Sal.
Thanks Sal! Been waiting on a what the ship for what feels like ages! Keep up the good work!
Living in Northern Illinois, have to say I appreciate a good Wisconsin joke- beer, cheese but really not a lot of Italians. I grew up on Long Island and traveled across the US during the summers (both parents were teachers) and I have to say there are only three cities to get decent pizza (NYC, Boston and Chicago- last one is debatable but married to a Chicago born boy so I’ll defend it). Definitely a correlation between good pizza and the Italian population and yes I miss a good slice of Sicilian living out here. Would not have guessed ship building going on in the state to my north. Learning something new each video.
Wow! Three minutes fresh! I guess Colbert can wait.
naw, colbert episodes are far shorter. watch those first, then you can be relaxed and able to focus on Sal.
@@ThatOpalGuy ALWAYS focused on Sal! He’s like Ian McCollum or Bobby Fingers, I like to listen. Brings me down a bit after a workday (1848 over here right now).
Thank you Sal, great update on general shipping. It's a crazy world out there right now and you must be so busy! These updates are much appreciated. I hope all mariners, commercial and military, pilots, etc. stay safe.
TWEETY TWEET DEAR ONE, ole birdie here from MI. TY, for your coverage.
Great update, cheers Sal 👍👍
I bought the book To Rule... to get a view on something I've never read about before due to this channel. I normally read about science and the history of science so I'll see if the book can hold my interest and educate me on something I thought of as "boring". Thanks for rec.!
The last segment is the most important. The "planning" that is being done is so incomplete and corrupt as to be criminal. Where is the money being siphoned off to that the longer the delay, the more the government has to pay?
Hi
We suffer the same problem in the UK. The designer comes up with a “PLAN” based on the parameters set by the customer, in our case the MOD. Everyone agrees the designer have done what was requested. This is when the problems start, just as an example here is what happens generally in the UK. The Army being No1 suggest some modifications, because in 3-4 YEARS it has taken to get to this stage, they want to change a few build aspects, but the Royal Navy now wants to amend their priorities, the RAF rarely has any say. This is why some projects which could have been beneficial, died because they became obsolete because of Government interference. As an example I give you TSR2, a super sonic fighter plane. It was built at Vickers at Brocklands in Surrey
In the 60s. I actually saw it. It looked incredible, and dangerous. But the powers to be scrapped it. It was to advanced for their limited vision. This is why MOD procurement is always 5 years to late. 😢😢😢😢😢😢😢
have a look into the running cost of a lot of this high tec stuff . you can't bash the taxpayer to much while protecting the banks .
remember the banks take two cuts of all weapons made , and the tax payer foots the bill
Thanks for another great one Sal!
It would seem that broadly speaking, Peter Zeihan's thesis about the USA's withdrawal and contraction of global naval power projection continues to slowly manifest, especially in the commercial shipping sector.
Really appreciate the round the world trip on these vids. Many thanks.
WHAT THE SHIP : IMHO, the BEST commentary on worldwide shipping. My wish is that Sal can be a regular Congressional witness on these issues so we can begin to clean this mess up.
Outstanding video and coverage today! Broad ranging over the sector with a lot of issues...
Brilliant Sal!
Thanks Sal
Great video Sal as always 😉 Keep up the good work 😎
We need 100 Sals to call out Government Incompetence!!!!!!! 🥰🥰
The last item of building a Coast Guard ship without a plan and slow delivery and cost overruns.
And design updates. It reminds me of the SAAB vehicle engineers doing a vast amount of alterations, to improve a joint production bodyshell. The US Navy has to include the Latest bits and bobs in the frigate.
In the UK a new ferry commissioned for CalMac, who have a fleet of aged ferries struggling to cope, is being built very slowly, with cost over runs!, but it is being built on the Clyde!!!!
Thanks for telling me about the Lopez. I worked on her also.
Building a commercial fleet is like jazz - it's about the ships you don't build.
Caught up , and fired up, sal!
Gd 😄
Excellent, Bab el-Mandeb, cheers!
The ban on Aussie sheep is about all the Halal slaughter trade, which is brutal. But, the delay is to help the producers deal with it.
Pity the poor seafarer with as sense of smell who works on one of those livestock ships full of living rotting sheep and dead rotting sheep.
@@SubTroppo The target for Australian sheep export mortality is 0.25%. As an example of 59,000 sheep on a transport approx 44 died on route - from pre existing issues. A lot has been done to achieve great shipping results and treatment on landing. Unfortunately, with Australia banning it supply will simply come from other countries with no regard to working with the buyers to improve treatment. So it is 'a feel good moment' that will actually will be a backwards step.
@@rovert1284Pity the poor seafarers who have to suffer... see above.
@@rovert1284 🤩 I didn’t know the numbers, only the propaganda. I am sure it would really hurt sheep stations.
How many here realized how big a ship-head they were before finding WGOWS?
Yeah right! I'm a bit of macrogeopol nerd and I think it's why the tubes sent me Sal. Sal and all the interesting side info keeps me coming back.
Comment for the algorithm.
Almost 300k, let’s go.
So Sal, congress needs people like you to advise them on these issues. It's time to suit up and get in front of the bench. Like the English did with Mr Browder about sanctions
It seems like there would be a perpetual imbalance in containers. Exporters need empty containers to fill, while importers have empty to get rid of. How does this work itself out?. Love the channel!
🚩FACT🚩
Sal is the only person in the galaxy who makes shipping news so exciting. 😅 #WTS
I was wondering what happens with a container ship if it encounters rough seas. Are those tall stacks of containers secure enough to stay put on a rocking ship ?
Hey Sal, did you or can you cover stolen property on bulk container ships. I read the Dali had stolen cars onboard
Capt!!!✌
Dr. Sal - Thank you for calling out the US Military’s constantly stupid idea of building ‘most anything’ without final plans in place. Didn’t we learn anything from the Lockheed-Martin F-35 project? and the humongous cost overruns? Now the Coast Guard?? geez.
🔥 William Shakespeare:
“I smell somthing piggy in Denmark🇩🇰.” #OzemPig
Hey Sal! So is it the Navy that cant get their ship together when it comes to shipbuilding, or is it the politicians and lobbyists lining their pockets that is causing us to decide that it's a good idea to start building ships without finished plans in hand? Serious question.
really wish i bought a share of maersk when it sat around 9k and called the swing
They're always pushing.!
Hey Sal, I’m wondering if you have and can find any information of the port of Jacksonville? Over the past few months the docks on the west side of the 295 bridge have had less and less containers. Now there are barely ANY containers being stashed there and the ships that used to go there are not showing up anymore. Besides ONE ships. They are now showing up a little at the docks east of the bridge. I know it’s nothing compared to everything you talk about but I was still curious if you have any insight.
You caught me without a cold one in my hand...so I took a penalty drink!🍺🐪🚢
Chinese steel is sub par.Their navy’s ship leaking problem is a good indicator.
>Shipping industry sends plea to UN to protect Maritime Security
"Who wants the UN to to enforce Maritime Security?" *all hands go up*
"Who wants to pay for the UN to have a Navy so it can _actually_ enforce Maritime Security?" *all hands go down*
Same reason they won't reflag to USA. Funny how that works.
Lovin this knew incognito shipping, go iran, go northern korea
Please do a report on the farce regarding the CalMac ferries being built by Ferguson Marine on the Clyde.
Are these Design-Build contracts? DB Procurement expedites the final delivery and reduces risks for the owner.
A new WGOWS drops? Ladies and Gentlemen charge your glasses....
China's shipbuilding is the most modern . That modernization was subsidized.
I hear that they are getting ready to start building the F34. The F35 didn't work out so well, so they are going to build the new 5.5 generation since 6th wasn't so great an outcome. They are already building the flight decks for naval launches. The plans for the actual ships for the flight decks will be done with the latest JNIT methodology, also know as "Just Not In Time" production.
Do you think South Africa will remain a big focus? I know nobody knows for sure but I honestly can not imagine that eventually something won’t be done about the Houthi.
Im super concentrated in ZIM in my portfolio, about 90% invested in ZIM. Got in at $12... Super happy right now :D
Zzzzzzimbait?
There was a short squeeze this week driving up prices. Earning are Tuesday pre-bell 4-5am ET. Goto Zim website and get their financial emails.
I would not invest 90% of everything into one stock. At least spread it around other shipping stocks, NAT North American Tankers, pays a dividend, maybe FLEX (LNG). Dorian (LPG) (LNG and LPG/other gasses) use different ships.
Shipping of methanol is done on LPG ships and is looking to be a future ship fuel. Butane uses LNG ships.
Zim is also Israeli so make sure your are not getting taxed twice (Israel-USA has a tax agreement). -May want to take the Div (if any) as stock.
@@jonmccormick8683 Im not from USA and I have done extensive valuation on ZIM. Also ZIM pays a 30% dividend on net income. Im confident on the value. :)
Wouldn't it be in the best interest of shipping companies that transport livestock to have the animals in good shape at arrival? Apparently something I am missing and have been missing when one reads about the apalling conditions on slave ships. It just don't add up!
POLAR Security Cutter - the modules they are building are relatively simple. The shipbuilder's workforce would melt away if they didn't start cutting steel and burning rod.
Twenty seven minutes in and BAM drinking game is on❤
Managing a project like building a ship does not have to come in late and over-budget. As you rightly point out, having a fully costed, fully agreed plan and sticking to it is the number 1 priority. It beggars belief that the governments of countries like the USA and UK don't just permit changes of plan, but are the major culprit in causing such changes. They have followed courses of action which have deliberately forced up costs and now they are acting surprised that other nations have stepped in and taken over - it is their own stupid policies and ideologies which have propelled the changes.
It’s the same in the uk
Sal, No helmet?
Also here we don't have "Ranchers", we have "Pastoralists" for sheep producers. Cattle = "beef producers". "Grazier" covers both.
Perhaps the Iranian "carrier" could accidentally run into a Mk48 torpedo?
Could you do a video covering domestic / international publicly traded shipping companies (tickers) and thier growths/strength/weakness. HOLY HELL. MIND READER
You don’t need to sign off on the whole design before you start building an icebreaker, just the mechanical design, and even then you don’t need every last detail. Do you really want them to hold up construction to determine where to mount every fire extinguisher, or to design electronic systems that won’t be fitted for years and will probably be obsolete by the time she sails?
Sal interesting to hear your view on "Flag States and Navies ".... Considering that the 12 Main classification societies cover 90% of the International fleet (and they have very few restrictions on their insured's fleet's flag - there are some but they don't exclude all flag of convince flag states), and those Classification Societies are under written/ reinsured (by insurance syndicates) consisting of the major insurance syndicates (Ie Lloyds of London (Uk), Prudential ( USA), Allianz ( Germany), AXA ( French) etc, etc) hence that theory is actually flawed. While there has always been the rights of [direct] protection due to sovereign interest by a vessel's particular flag (ie Traditional protection ), in the modern era of global economies it is a misconception that those countries with Navies won't protect flag of convenience vessel's, becuase those FoG vessels and their cargoes (if sunk, lost, damaged or causing a environmental issue) have a aggregating negative affect on the economic interest of the very country that their P&I Insurance association is located (and also on the economic lossed to the P&I underwitters/ reinsurance syndicates ( not to mention hull insurance and their under writters), whose primary places of buisiness are in Flag States countries with defence navies ( or their allies). That is why we have the UN sanctioned armada's such as the Anti Piracy Joint Navies fleets off Somali, and for example during the Gulf war ( 90's) we had the merchant shipping protection armadas of the allied navies. In that period I was reporting to the British Armada command while on a Liberian registered ship that was ultimately owned by an British Company/ chartered to a UK Company, ( manned by British, Polish and a a sole Australian, with Philippine crew), carrying Kuwaiti & Saudi crude oil, sold to New Zealand, Japan and Australia, while the ship it self was insured by a British P&I club whose underwriter / reinsurance syndicate consisted of of British, USA, German and Japanese companies, a bigger vessel in our fleet (also Liberian registered) was attached and Protected by the British and US navies.
Wisconsin has its Italians for sure, however Wisconsin like many other states including Minnesota should really be named "far far western & eastern Europe". I swear every European nation-state anywhere has some culture, township, town, or city representing that Euro-nation somewhere in Wisconsin, *ANY* , and I suspect any state east of the Mississippi river could be characterized as far far western Europe. Basically, it's who we were and still are.