Why Tracy's Furniture Is Stuck on a Grounded Ship
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 23 March 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
It's happened again. Another container ship owned by the Evergreen Maritime Corp. has gotten stuck a year after the Ever Given became lodged in the Suez Canal and briefly halted the flow of global trade. This time the grounding happened in the Chesapeake Bay and involves the Ever Forward -- a 1000-foot container ship which happens to be carrying the contents of Tracy's entire Hong Kong apartment. On this episode of Odd Lots, Tracy Alloway and Joe Weisenthal speak with maritime historian Sal Mercogliano about why another ship has gotten stuck, what it says about shipping and infrastructure, and how long Tracy might have to wait to get her stuff.
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Transcript
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| 0:00.0 | Adlots is brought to you by Apollo. When it comes to building and financing stronger businesses, |
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| 0:14.6 | The Bloomberg Sustainable Business Summit returns to New York on October 5th, |
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| 0:22.8 | Looking at the latest trends in green financing and ambitious ESG goals, |
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| 0:37.9 | Visit BloombergLive.com slash SBSNY slash radio to learn more. |
| 0:49.2 | Hello and welcome to another episode of The Adlots Podcast. I'm Tracy Alloway. |
| 0:54.0 | And I'm Joe Wisenthal. |
| 0:55.4 | Joe, do you remember that time I tried to ship a teddy bear in a single container |
| 1:01.6 | from Hong Kong to New York? Or was it LA? Well, to the US. |
| 1:06.0 | Yeah, and basically the store is like, it's just so operationally complex and paperwork |
| 1:10.7 | and there was no space and so much. And it didn't make it in the end, right? |
| 1:14.2 | No, I couldn't, basically, I couldn't get on a ship. I kept getting bumped and bumped and |
| 1:19.5 | finally, it seemed like it was going to be six months until I could even get space. |
| 1:24.0 | And so it didn't seem worth it. And now, now that I've moved to New York, I got to repeat |
| 1:29.9 | this entire experiment, you know, in reality. And I got to put all my apartment belongings |
| 1:35.7 | into a container, put them on a ship and actually ship them from Hong Kong to New York. |
| 1:41.4 | Except it turns out I still can't actually ship anything from Hong Kong to New York. |
| 1:46.4 | I love how like no one has more experience with the physical realities of our commodity |
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