The Post-Pandemic Shipping Story

It seems that there was an unusual event that really inflated pricing and gave these companies a massive windfall through the pandemic. But are we kind of normalizing now back to prior trend? Is it just getting back to where we were or is there some other takeaway from the post pandemic shipping story that you're looking at? I think credit valuations will be exposed to weaker fundamentals, especially in the second half of this year and next year when we expect important deliveries of new ships as it takes two to three years to actually build a new ship. Very interesting and potentially volatile times ahead for the industry.