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“… Others believe this was a deliberate attack of US infrastructure based on various factors that do not seem to add up. Could it have been an inside job or a foreign agent? The truth will come to light, as it always does. Let me begin by explaining how crucial the Francis Scott Key Bridge was to America’s supply chain. Around 52.3 million tons of international cargo estimated to be worth $80.8 billion passed through the port in 2023. Around 4,900 trucks, carrying around $28 billion in goods, must be rerouted due to the bridge collapse. It is the second...

When I awoke early on Tuesday morning, I was stunned to learn that the Francis Scott Key Bridge in Baltimore had collapsed. We are being told that it was a tragic “accident” and that there is no evidence that any foul play was involved. Hopefully that is true. But no matter how it was caused, this tragedy is going to have an enormous impact on U.S. supply chains. And of course this comes at a really bad time, because Houthi missile strikes in the Red Sea and low water levels in the Panama Canal have been putting a tremendous amount...

The Baltic Dry Index Is Collapsing Vincent FernandoDec. 21, 2009, 1:06 PM Dry bulk vessel over-supply is finally taking its toll, the Baltic Dry Index (BDI) has gone into a nosedive as shown below. US-listed dry bulk stocks such as DryShips (DRYS) and Eagle Bulk (EGLE) have been drifting lower. While the current index level is still equivalent to historically strong rates, continued strength in 2010 is entirely predicated on continued growth of Chinese dry bulk raw material imports. While November iron ore imports were encouraging and 2009 was a year of surprising strength, with China it could all disappear...