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.