The Global Shipping Crisis Is Not Over | Sal Mercogliano
Use code JACK250 to get $250 off tickets to Blockworks Digital Asset Summit https://blockworks.co/events/digital-asset-summit-2022-new-york/ Use code “guidance” to get 50% off Blockworks Research: https://blockworks.co/get-research/ -- 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. -- Subscribe to Sal Mercogliano's Youtube Channel: https://www.youtube.com/c/WhatisGoingonWithShippingwSalMercogliano Follow Sal Mercogliano on Twitter https://twitter.com/FedGuy12 Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (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 -- 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.