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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: SirWalterRalegh who wrote (7460)3/29/2021 1:10:55 AM
From: elmatador  Respond to of 13784
 
the photo mocks the Suez Canal.

The guys who set this up are geniuses.
Compare with icebreakers that the Russians have been adding

Russia is aiming to add three more nuclear icebreakers, two LK-60Ya-class and one LK-100Ya-class, in addition to the three LK-60Ya-class currently under construction, announced Stanislav Golovinsky, Deputy General Director for Development and head the Atomflot branch in Moscow at The Arctic-2017 conference in Moscow.

The goal of year-round commercial navigation

In addition, Russia is also in the process of finalizing design decisions for a new flagship icebreaker, called the LK-110Ya-class or Leader-class by 2018



To: SirWalterRalegh who wrote (7460)3/29/2021 4:08:03 AM
From: elmatador  Respond to of 13784
 
China Moves Toward Becoming Dominant Player on Northern Sea Route

the increasingly ice-free Arctic waterway along Russia’s northern coast, and the main segment of the longer Northeastern Passage, linking Asia and Europe. First, China launched its first domestically produced icebreaker for sea trials.


ELMAT: The Pacific is an american lake. But China wants to control the NSR

Publication: Eurasia Daily Monitor Volume: 16 Issue: 87By: Paul GobleJune 12, 2019 06:35 PM Age: 2 years

(Source: USNI)

Three developments since early June 2019 call attention to China’s unrelenting efforts to become the dominant player on the Northern Sea Route (NSR)—the increasingly ice-free Arctic waterway along Russia’s northern coast, and the main segment of the longer Northeastern Passage, linking Asia and Europe. First, China launched its first domestically produced icebreaker for sea trials.

Other such vessels are in the works, which will enable Beijing to shepherd ships in the Arctic without having to rely on Russian icebreakers ( Arms-expo.ru, June 6). Second, in St. Petersburg, Russian and Chinese companies signed an accord making China an increasingly important supplier of liquefied natural gas (LGN) carriers and other transit ships for this route ( Novatek.ru, June 7, 2019; Kommersant, September 4, 2018). And third, port officials in Scandinavia are more and more looking to China for the development of infrastructure that will allow for the dramatic expansion of Chinese-European trade ( The Barents Observer, June 7, 2019). Meanwhile, Russia and the United States are reacting to these developments in revealingly different ways.

Moscow has generally welcomed these moves because Russian leaders have concluded that only with Chinese funding can the Northern Sea Route achieve the level of trade Vladimir Putin has called for. Moreover, Russian officials believe that joint involvement with Beijing on that route will solidify the alliance between the two countries. Maksim Akimov, Russia’s first deputy prime minister, for example, said last month that the NSR can become a second, water-based “silk road” and would only bring the two countries closer together. His remarks were echoed by other Moscow officials, suggesting that Russia is unconcerned about Chinese expansion in the Arctic. Moreover, Andrey Denisov, Moscow’s ambassador in Beijing, was clear about the fact that Russia cannot afford to develop the Arctic by itself and must rely on Chinese involvement ( Arctic.ru, May 29; Rueconomics.ru, May 17).

Washington, in contrast, has opposed both Russian pretensions to control the NSR as well as the expansion of Chinese interests and activities there. Russian experts, like Aleksandr Pilyasov of the Moscow Center for Economics of the North and the Arctic, say that “the United States dreams of taking sovereignty over this most important logistical route away from Russia” ( Rueconomics.ru, May 30). And a few weeks ago, US Secretary of State Michael Pompeo effectively vetoed China’s desire to become a full member of the Arctic Council—Beijing is already an observer to that body—in the name of defending the interests of the existing Arctic powers, including Russia and the United States ( Vestifinance.ru, May 6).

But as diplomats say, China is creating and exploiting “facts on the ground” that call into question the positions of both Moscow and Washington. On the one hand, China is sending more ships along the NSR with each passing year and developing infrastructure for them far from their home ports. And it is doing so without that much reference to the Russians. This independence of action has become increasingly possible as the ice pack has receded and the need decreases for ships to stay close to or within the existing Russian exclusive economic zone (EEZ) or to rely on Russian navigation devices or icebreakers to make the passage ( Svobodnaya Pressa, August 14, 2013).

And on the other hand, China is becoming a de facto Arctic power even if the US is still able to block its official designation as such. Beijing is building more ships and icebreakers and establishing more port facilities and transshipment points in the Russian and Scandinavian north in order to expand its role in the Arctic. Such moves, of course, should not surprise anyone. After all, the whole point of the NSR (beyond its role of supplying small populations in the Russian High North not linked to the rest of the country by rail or highway, and thus protecting Russia’s territorial integrity) was to link Chinese producers and consumers with their European counterparts.

The impact of this rise of China in a region few had expected it to contest so soon has been dramatically different in Washington and Moscow. For the US, China’s increasing links with Europe undercut Washington’s current efforts to use tariffs to compel a change in Beijing’s trade behavior but do not, in and of themselves, challenge the United States in a place where it had long felt it has a droit de regard. Consequently, Washington may be discomfited by this; but it is certainly not threatened by it in any existential way.

The challenge that China’s rise in the Arctic poses to the Russian Federation, in contrast, is existential. If there, as in the development of the Russian Far East, Moscow is compelled to assume the role of a junior partner, ever more Russians will be outraged. Some will likely demand that Moscow seek to limit Chinese involvement; although how that might be achieved is less than clear if President Putin’s goal of boosting Arctic shipping to 80 million tons by 2024 is to be achieved. But for that reason and because the Kremlin sees no alternative for the present, the Northern Sea Route is rapidly becoming more a Chinese project than a Russian one—a fact Moscow and other international capitals will have to acclimate to if they want their trade to increase as well ( Mnr.gov.ru, March 13, 2019).



To: SirWalterRalegh who wrote (7460)3/29/2021 12:03:37 PM
From: elmatador  Respond to of 13784
 
They say heavy winds knocked the ship into the sandbanks,

I know this naughty gust of wind

The Wind Knocks Down President Biden 3 Times in 3 Seconds on Air Force One Steps

20 Mar 2021, 7:35 UTC ·
by Elena Gorgan

Home > News > Politicians

What is more powerful than the most powerful man in the world? The wind.
autoevolution.com





To: SirWalterRalegh who wrote (7460)3/31/2021 5:23:58 AM
From: elmatador  Respond to of 13784
 
Removing the ship and reopening the Suez Canal was just the beginning

Removing the ship and opening the Suez Canal is just the beginning
Ever Given: Legal and Insurance Implications
The blockage has caused vessels backed up in the Mediterranean to the north and the Red Sea to the south. It is estimated that the costs to global trade is estimated to be about $400 million per hour, based on the approximate value of goods that move through every day, according to Lloyd’s List.


The Russians have a case to move the traffic to the North Sea Route





To: SirWalterRalegh who wrote (7460)5/1/2021 5:51:57 AM
From: elmatador  Read Replies (1) | Respond to of 13784
 
Deepest Backwardation Since ‘07 Shows World Short on Commodities

Demand for materials from oil to copper and grains is surging

Supply tightness comes as economies emerge from the pandemic


Deepest Backwardation Since ‘07 Shows World Short on Commodities
By Gerson Freitas Jr and Michael Roschnotti

30 de abril de 2021, 20:03 WEST

Demand for materials from oil to copper and grains is surging

Supply tightness comes as economies emerge from the pandemic

Higher Oil Prices May Not Impact Consumption

For an idea of exactly how strong the fundamentals are for commodities such as metals, agriculture and oil today, consider this: These markets are now showing the steepest backwardation in more than 14 years.

That is, the premium for commodities that can be delivered now versus later into the future is the highest it has been since at least 2007, signaling just how strong the world’s demand is for raw materials and how tight supplies are.

The World Needs More CommoditiesShortage of commodities has pushed backwardation to nearly 15-year high

Source: Bloomberg, CME, ICE, LME

Note: Chart uses current BCOM constituents and weightings. Calculation uses current spot futures price versus the forward 1 year futures price. Some futures prices were estimated in this calculation.

In commodities markets, futures are frequently pricier at longer maturities because they reflect the cost of carrying inventories over time as well as future demand expectations. But urgent demand has flipped about half of major commodity markets tracked by the Bloomberg Commodity Index including oil, natural gas, copper, soybeans into backwardation.

Pimco Says Commodity Rally Reveals Shortages of Vital Materials

Prices for everything from copper to oil have sky-rocketed as the largest economies rebound from the pandemic amid massive government stimulus spending. Manufacturing and building are picking up, and more people are driving their cars and booking airline tickets as they get vaccinated. China is buying record amounts of corn, and agricultural grains have gotten so expensive it’s upending global trade flows.