Federal Reserve starts monitoring Logistics challenges

Above is the Federal Reserve Bank of NY’s new “Global Supply Chain Pressure Index”

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Supply chain disruptions have become a major challenge for the global economy since the start of the COVID-19 pandemic. Factory shutdowns (particularly in Asia) and widespread lockdowns and mobility restrictions have resulted in disruptions across logistics networks, increases in shipping costs, and longer delivery times. Several measures have been used to gauge these disruptions, although those measures tend to focus on selected dimensions of global supply chains. In this post, we propose a new gauge, the Global Supply Chain Pressure Index (GSCPI), which integrates a number of commonly used metrics with an aim to provide a more comprehensive summary of potential disruptions affecting global supply chains.

More here:

https://libertystreeteconomics.newyorkfed.org/2022/01/a-new-barometer-of-global-supply-chain-pressures/

#Shipping #SupplyChain

Cargill, global farm commodities [FOOD] trader, has confirmed one of its chartered ocean vessels was “hit by a projectile” on the Black Sea. The vessel remained seaworthy [ie didn’t sink], but as you can imagine, no one will be exporting food through this passage at this point.

Indeed, Maersk has halted all port calls in Ukraine.

Bunge Ltd has suspended operations in its Black Sea grains port in Nikolaev, Ukraine.

Video report on effects on world food supply forthcoming - stay tuned @iceagefarmer .

#wheat #Ukraine #Russia #Shipping

https://www.reuters.com/world/europe/russia-halts-vessel-movement-azov-sea-black-sea-open-2022-02-24/

BREAKING: Two more merchant vessels have been hit by missiles. In modern times, I refuse to believe this is an accident. This is an [yet another] attack on shipping.

#1 - Moldova-flagged chemical tanker Millennial Spirit, fired upon by a Russian Navy ship 12 nautical miles south of Ukraine’s Yuzhniy port. However Moldova's Navy then said "the source of the missile launch is unknown.”

#2 - 2020-built panamax Namura Queen, owned by Japan’s Nissen Kaiun, was presumably hit by a rocket at the anchorage of the Yuzhny port.

#3 - [ see previous post ] - Turkish-owned bulk carrier Yasa Jupiter was hit by a missile off the coast of Odessa. The ship is chartered now by Cargill, shipping foodstuffs.

More reports @iceagefarmer

#ukraine #Russia #Shipping

https://splash247.com/two-more-ships-hit-in-the-black-sea/

Russian ship seized in English channel for “violating sanctions”

A 416ft commercial ship bound for St Petersburg intercepted in English Channel. Again, this is not a military vessel.

The vessel, which was intercepted by customs officials, was transporting vehicles from Rouen, in France's Normandy region.

Captain Magnin said the boat is 'strongly suspected of being linked to Russian interests targeted by the sanctions'.

These NWO theatrics are destroying global shipping and the global food supply. Black Sea shipping has effectively been shut down yesterday after missile strikes hit three merchant vessels , and now, tit-for-tat, the French have seized a Russian ship.

The Russian embassy in France is seeking explanations from the French authorities.

#Russia #Shipping

https://www.dailymail.co.uk/news/article-10551807/Cargo-ship-thought-belong-one-companies-hit-sanctions-SEIZED-English-Channel.html

WSJ / western media now reporting exactly what I’d said yesterday - this is a shutdown of the shipping arteries that carry global food and fertilizer supplies.

Now western media can blame Putin for food shortages. Sure, it’s not the Grand Solar Minimum, or insane C19 policies, etc..

This doesn't need to become nuclear -- it is enough to be a cover story for why there is no food.

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Russia’s invasion of Ukraine throttled exports from one of the world’s largest grain suppliers after the country’s ports went quiet and traders halted operations. 

At stake is the 13% of global corn exports and the 12% of wheat that flow from Ukraine. In threatening those flows Moscow risks disrupting supplies to China while setting off a scramble among customers in fragile Middle Eastern economies at a time when food inflation is already high. 

An ocean vessel chartered by one of the world’s largest food suppliers, Cargill Inc., was hit by a projectile off the coast of Ukraine in the Black Sea on Thursday. Minnesota-based Cargill, which operates an export terminal in Ukraine, said the ship is seaworthy and no one was injured.

… If the situation on the ground escalates to a position where farmers can’t apply pesticides or fertilizers to their wheat, which will start in March, that could reduce the yield by up to a third, presuming they can harvest in July, Mr. Lee said.

#Ukraine #Wheat #Corn #Shipping #SupplyChain

https://www.wsj.com/articles/russias-ukraine-invasion-chokes-food-exports-from-global-breadbasket-11645798059

Maersk, biggest shipping company in the world, SUSPENDS all container shipments to Russia.

This is complete dismantling of the global supply chain. It’s even more insane than flattening the curve.

It’s not virtue signaling - it’s not sanctions. Its not a war between nations… It’s a war on ALL the people of the world.

#Shipping

https://www.nasdaq.com/articles/maersk-suspends-all-container-shipping-to-russia

Shippers Cut Off Russia - Wheat Price Explodes - Cyberattacks on Shipping

As Major shipping companies are cutting service to Russia and UK bans shipments from Russia, the disruption to global food supply is now a lasting one. What effect will cutting out the breadbasket of the world have, and--more importantly--who benefits from doing so? Christian breaks it down in this Ice Age Farmer broadcast.

via @iceagefarmer

https://www.iceagefarmer.com/2022/03/01/shippers-cut-off-russia-wheat-price-explodes-cyberattacks-on-shipping/

Youtube: https://youtu.be/S86VxWYmwG4

#iafvideo #russia #ukraine #wheat #shipping #SupplyChain

EVACUATE THE GRAIN:

Nearly 25 million tonnes of grain stuck in Ukraine, says UN food agency

Nearly 25 million tonnes of grains are stuck in Ukraine and unable to leave the country due to infrastructure challenges and blocked Black Sea ports including Mariupol, a U.N. food agency official said on Friday.

“It’s an almost grotesque situation we see at the moment in Ukraine with nearly 25 mln tonnes of grain that could be exported but that cannot leave the country simply because of lack of infrastructure, the blockade of the ports,” Josef Schmidhuber, FAO Deputy Director, Markets and Trade Division told a Geneva press briefing via Zoom.

Schmidhuber said the full silos could result in storage shortages during the next harvest in July and August.

Head of the WTO announced, “It would really help the world if we could evacuate this grain (from Ukraine),” — Earlier this week, the head of the World Trade Organization told Reuters she was “seriously worried” about spiraling food prices and seeking solutions alongside other partners.

#SupplyChain #shipping #wheat #ukraine

https://www.reuters.com/article/us-ukraine-crisis-un-grains/nearly-25-million-tonnes-of-grain-stuck-in-ukraine-says-un-food-agency-idUSKCN2MS0PX

Trucker Strike In South Korea Sparks Economic Turmoil, Risks Global Spillover

The epicenter of the next global supply chain snarl could be in South Korea as a nationwide trucker strike broadens and is hindering domestic economic activity, which may spill over to the rest of the world.

Bloomberg reports that the Cargo Truckers Solidarity Union entered its seventh day of strikes on Monday, causing $1.6 billion in disruptions for auto, petrochemical, steel, and other top industries.

#SupplyChain #Shipping #SouthKorea

https://www.bloomberg.com/news/articles/2022-06-13/top-steelmaker-in-south-korea-halts-production-on-trucker-strike

Cargo vessel carrying 3k TONS of corn from Ukraine runs aground in Bosphorus - Black Sea access blocked

@iceagefarmer note: Remember: #Shipping is to be completely shut down under the Absolute Zero carbon agenda. Messing up the global food supply chain is just the cherry on top.

#AbsoluteZero

https://www.express.co.uk/news/world/1663521/Bosphorus-strait-Black-Sea-access-blocked-lady-zehma-cargo-grain-run-aground

UK confirms it will not insure ships carrying Russian oil (90% of insurers now)

The UK has gone completely mad, as the treasury has confirmed it will not allow any British insurers to cover ships carrying Russian oil from December 5.

By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU or UK club can no longer have crude oil onboard that originated in Russia, unless Russia has sold the crude to the buyer at or under a price cap pushed for by G7 members. The US is expected to join the insurance ban shortly meaning more than 90% of the world’s insurers will shun Russian-linked crude tanker business from next month.

[IAF: remember the #AbsoluteZero plan was to eliminate shipping by 2030]

“We continue to stand by Ukraine in the face of Putin’s barbaric and illegal invasion,” UK finance minister Jeremy Hunt said

#shipping

https://splash247.com/uk-confirms-it-will-not-insure-ships-carrying-russian-oil/