Discover and read the best of Twitter Threads about #boxships
Most recents (1)
1/ 15 months ago I penned an article entitled "Welcome to the New Container Shipping Supercycle" questioning the premises of popular conceptions of supply and demand at the time.
Some reflections on what I got right and what I got wrong.
A 🧵...
seekingalpha.com/article/439810…
Some reflections on what I got right and what I got wrong.
A 🧵...
seekingalpha.com/article/439810…
2/ New ship deliveries are not hard to predict 2 years into the future as it takes upwards of 18 months to build most ships from contract date. A dearth of new ordering through late 2020 ensured insufficient supply coming to market to through 2023 to meet demand. 
3/ I was also correct that there was limited capacity to add additional megamax ships in 2024.
What I completely underestimated was the enormous demand and shipbuilding slot availability for new panamax ships in lieu of available megamax capacity.
What I completely underestimated was the enormous demand and shipbuilding slot availability for new panamax ships in lieu of available megamax capacity.
