North Point of View: The Story of Two Canals

May 16, 2024 00:09:03
North Point of View: The Story of Two Canals
North Point of View
North Point of View: The Story of Two Canals

May 16 2024 | 00:09:03

/

Show Notes

In this episode, Mark Hall and Dr. Walter Kemmsies discuss the Panama and Suez Canal.

Excerpt:

Mark: Two months ago, it felt like we were in borderline panic. Panama canal dried up, and the Houthis have taken over the Suez Canal, and it was a major threat to the East Coast.

Walter: The Houthi rebels received a lot of weaponry from Iran and they used the the weaponry to shoot at defenseless commercial ships. It's just an act of cowardice and stupidity. China made some kind of peace with the Houthis, and then the Houthis turned around and shot a Chinese container ship. They're pirates and they're not very smart pirates. In the very beginning, they shot a ship that had been leased by the Israelis. Then at the end of the of the year, it had been released to a Chinese entity. The Chinese were sailing it through the canal and the Houthis, took potshots at it. China is like, what the hell? We're not Israel, because the Houthis were only shooting at Israeli ships at the time. What happens is the database they were using on which ships are registered to whom you can read on the ship, the AIS signals. Well, there's AIS signals that come off the ships and you can go online to marinetraffic.com and you can see which ship it is. The problem is your ship registration database is old by about three months and so ooops.

#savannah #savannahrealestate #savannahga #wsj #panamacanal #suezcanal

Other Episodes

Episode

February 22, 2023 00:11:17
Episode Cover

North Point of View: Home Construction

In this episode, Mark Hall and Dr. Walter Kemmsies discuss Home Construction, affordable housing and infrastructure needed for the growing work force in the...

Listen

Episode 21

November 22, 2021 00:08:42
Episode Cover

Ongoing Shipping Crisis

Dr. Walter Kemmsies and Mark Hall talk again about the ongoing shipping crisis. With a mad rush to get goods in to meet the...

Listen

Episode

October 25, 2023 00:12:49
Episode Cover

North Point of View: Some Inflation is Good

A zero percent inflation rate may look elegant mathematically, but the mathematical model built represents no universe that any human being has ever lived...

Listen