Russia Oil | US Imports Stabilize | Ukraine Grain | US Shipyards | Mariners What the Ship (Ep58) What's Going on With Shipping? November 12, 2022 In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the Top 5 Maritime Stories as of Nov 12, 2022. First, the looming G7/EU Russia Oil Price Cap is creating a lot of uncertainty in the oil sector, while ships of the ghost fleet continue to move Russian oil around the world. Second, the decline in container volumes and rates were checked in October, and while below 2021/22 levels, still sitting at extremely high levels. Third, with the expiration of the Black Sea Grain Initiative in 8 days, the world's supply and cost for grain remains in flux. Fourth, the recent sale of VT Halter shipyard to Bollinger provides insight into US shipbuilding. Finally, new regulations may require early a million Mariners to seek training or lose their jobs with new means of propulsion.