The Global Shipping Crisis Is Not Over | Sal Mercogliano
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In today's episode of Forward Guidance, Jack Farley is joined by Dr. Sal Mercogliano, maritime historian and shipping expert, who discusses the current global shipping crisis and its trajectory for the future.
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(00:00) Introduction
(01:09) Shipping As The Ultimate Driver Of Inflation
(15:15) Consolidation In The Shipping Industry
(22:11) Are There Enough Ships? (Answer: Yes)
(23:38) Emission Reduction Goals In Shipping As A Headwind To New Supply
(29:11) Liquified Natural Gas (LNG)
(33:30) Learning From History
(38:28) Recession's Impact on Shipping Rates
(44:50) How Profitable Is Shipping Now?
(47:11) Non-Owner Operators
(52:26) Cruise Lines
(1:00:50) Futures On Freight Rates?
(1:03:08) Individual Stocks
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.