Why the World Suddenly Has Too Many Ships
The oceans are full of ships. Shipyards can't stop building. The shipping industry is currently facing a massive, structural hangover from the pandemic, leading to the largest commercial armada in human history. But if there's a huge surplus of ships, why haven't shipping costs crashed to zero? In this video, we uncover the fragile economics of global trade, how a temporary panic led to a multi-billion dollar mistake, and the single geopolitical crisis that is currently saving the entire industry from a catastrophic collapse. In this video, you will learn: The economics behind "Mega-Ships" and economies of scale. How the pandemic caused the "Mother of All Bullwhip Effects." Why the global ship order book hit a 17-year high. The geopolitical buffer keeping the shipping market afloat. What happens to all these ships when the Red Sea reopens. #shipping #ship #economics #business #msc #maersk #containers #containership #money #globaltrade #logistics
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