US Becomes World’s Leading Exporter of LNG
Following Europe’s energy crisis and China’s shortages, the United States has become the world’s leading exporter of liquefied natural gas (LNG). Only shipping their first LNG cargo in 2016, The US has surpassed Qatar and Australia for the first time in as little as six years. According to forecast analysts at ICIS and the US […]
Green Initiatives May Contribute to Inflation
“Going Green” may mean adding to consumer costs when it comes to the shipping industry. According to the International Energy Agency, international shipping was responsible for approximately 2% of “Global energy-related CO2 emissions in 2020.” With universal concerns about sustainability and climate change rising, shipping giant Moller-Maersk announced it’s plans to reach net-zero greenhouse gas […]
Chip Crisis Continues Subdued Automobile Production
The US government is not happy with how dependent its country’s economy has become on foreign manufacturing. From the beginning of the Covid-19 pandemic, lockdowns had forced automakers to put a hold on chip orders. Unfortunately, by the time automakers realized that demand was picking up, chip plants had already allocated their capacity to other […]
Chinese New Year to Cause Worsening Shipping Delays
The Chinese New Year is earlier than the previous five years, causing some shipping companies to suspend services ahead of their new year, further straining global supply chains. The potential for supply chain disruption in 2022 is exacerbated by two key factors: China’s new year falling on the first of February, and their strict zero-Covid […]
North America’s Largest Railroad May Go On Strike
Further supply chain disruptions are currently in the making as railroad giant Burlington Northern and Santa Fe Railway (BNSF) plans to unveil a new attendance incentive program that may cause over 35,000 employees to go on strike as soon as February 1st, 2022. BNSF is asking a federal court to classify the railroad’s dispute with […]
