Jam Cruise is the gift that keeps on giving!While our favorite musical-adventure-at-sea is only a few days long, the amount of music packed on board can last an entire year (and create memories for a lifetime). This past sailing, Jam Cruise was honored to have the incredible super-group Joe Russo’s Almost Dead as a headliner, and they certainly did not disappoint! Check out the group performing the classic Grateful Dead combo of “Help On The Way” -> “Slipknot” from their Pantheon Theater set from this year’s Jam Cruise 14 and try not to get all the feels.
The trade war between U.S. and China has taken its toll on U.S. soya bean exports, which marked a 43 percent drop year-on-year during the first twelve weeks of the 2018/19 marketing year, which started in September 2018.Data from the world’s largest shipowner association BIMCO shows that the exports were down from 21 million tonnes by November 23, 2017 to 11.9 million tonnes by November 22, 2018. The drop is the equivalent of 122 Panamax (75,000 tonnes) or 183 Supramax (50,000 tonnes) loads.“Tonne mile demand is further hurt as not only are the volumes of US soya bean exports lower than last year, the distances sailed are also much shorter as the new destinations are closer to the US than China is,” Peter Sand, BIMCO’s Chief Shipping Analyst, says.The association believes the loss of 122 Panamax loads (all destinations) may be downplaying the impact the change in U.S. soya bean exporting patterns is having on the dry bulk shipping industry.By November 23, 2017, 71.3% of all soya bean exports were sent to China, equal to 200 Panamax loads on one of the longest trades in the world. So far this marketing year, China has taken just 2.8% of U.S. soya bean exports, further harming the tonne mile demand generated by US soya bean exports.“The weaknesses in Panamax and Supramax earnings in recent weeks is likely to be linked to the lower demand for seaborne transportation of U.S. soya bean exports as compared to previous seasons,” Sand added.In particular Panamax and Supramax vessels are affected given their reliance on the high volumes of U.S. soya beans usually being sent to China at this time of year.The drop in this demand has been one of the factors behind the lack of seasonal upswing in earnings which has been seen in previous fourth quarters, BIMCO said.Panamax earnings fell from 14,385 USD/day on October 17, 2018, to 10,996 USD/day on November 23, 2018.As informed, so far this season only two countries imported more than a million tonnes of U.S. soya beans: Argentina and Mexico.On the other hand, China seems to have replaced U.S. with exports from Brazil. Namely, even though U.S. exports to China have dropped by 98% since September 1, compared to the same period last season, total Chinese imports of soya beans in the period from January 2018 to October 2018, have only fallen 0.5%, largely due to increased imports from Brazil.However, BIMCO expects to see total Chinese soya bean imports to be lower than last year as the U.S. dominates the soya bean export market in the last quarter of the year.“Hopes of a resolution to the US-China trade war before the end of the year rest on the upcoming G20 summit, but even in the unlikely event that all tariffs are immediately revoked, the trade war may have a long-term effect on trade between the two nations.“As evidenced by China halting imports of US crude oil despite it not being an official part of the trade war, tariffs are not the only factor which have and most likely will continue to harm trade between the two nations.“If Chinese farmers decide they need fewer soya beans to feed their livestock, the overall Chinese demand for soya beans could be permanently reduced, even if tariffs are removed,” Sand concluded.
Students at the famous Bethesda Fountain in Central Park, New Your City.SUNMAN, Ind. — A group of middle school students from Sunman-Dearborn recently took a trip to New York City and Washington DC.One of the students, Elizabeth Durham, shares her experience.66 Students, 5 Days, 2 Cities, 1 HouseWhen people talk about culture shock they often relate it to foreign countries. However, when you are native to suburban/rural Indiana, New York City is a cultural slap in the face. Only here, a slap in the face is not a negative connotation; instead, its definition is the complete and utter shock of discovering a whole new world. NYC leaves a permanent mark in the shape of skyscrapers and some of the tallest buildings you have ever seen in addition to 8 million people. It leaves the everlasting feeling of art, fashion, and the magic of Broadway. You are encompassed by the culture of millions from different countries and millions speaking foreign languages that most of the time sound like gibberish; that is the slap on the count of two, when they warn it will be on three, that New York City gives 66 small town kids after a 12 hour bus ride.Students pose for a picture outside of the White House in DCOne three hour train ride away from NYC is a city of importance: Washington, D.C.. The president, memorials of the fallen, the Supreme Court, the House of Representatives, the Senate, and numerous people in fancy suits. In Washington, D.C., you admire old architectural designs and can’t help but think: I wonder who of importance has been here before and what impact they have had on our country? As we toured the city, it was inspiring to see all the young businessmen and women who have ambitions to improve our country. These individuals, these barely even 25 year olds, are hope for our nation’s future. Whether the history has been written on an actual wall, or contained within a building, witnessing all of this history within the D.C. area is an abounding honor to experience. Above all, observing fellow classmates lay a wreath on the Tomb of the Unknown Soldier is a moment in which one can be proud and thankful for the nation we live in. The soldiers, there day in and day out for a soldier whom no one knows the name of, symbolize our nation’s attitude of always protecting and respecting one of our own.Students participate in laying a wreath at the Tomb of the Unknown Soldiers.Experiences are what make life worth living. The experiences such as trying control 66 kids long enough to take a photo in the middle of Times Square with thousands of people trying to maneuver around us. Seeing five states from the 86th floor of the 26th tallest building in the world. Experiences like walking through the United States Holocaust Memorial Museum and watching the footage that demonstrates the pain portrayed on the faces of victims and survivors. Walking through a room full of portraits of families, children, and happy smiling people. Hearing their stories is unlike anything else in this world. Experiences like touring the home of Thomas Jefferson. Stepping on the Monticello floor. Standing in the room he passed in. Taking in the life of America’s third president. Feeling the life that was once in this home for the Jefferson family. After all the tourism and photos and videos, the best part was experiencing it all with your friends. With your makeshift family that forms after growing up with these, crazy, but amazing people. To explore new places and laugh with your best friends are the best parts that I’m sure we will talk about in years to come.