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The Global Shipping Crisis Is Not Over | Sal Mercogliano
Forward Guidance
The Decline in the Price of Tankers
It sounds like there's a little bit of a disconnect between the price of tankers and the future supply of tankers based on current spot rates for carrying them. The carrier rates have gone up so much for tankers, why are the ships themselves still relatively cheap? Right. Well, you know, I think where you see that is in the bulk market actually. And we're seeing that with dry bulb. All of a sudden it takes this huge kickback up all of a sudden. If you happen to have tankers in the right area, you make a lot of money all of a suddenly. You know, this is a global phenomenon."
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