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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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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

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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.