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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 explains how the turmoil in the global shipping crisis is the ultimate driver of inflation. Mercogliano, a professor at Campbell University and the host of the "What Is Going On With Shipping" YouTube channel, notes the four main types of shipping (container, dry bulk, tanker, and cruise lines) and contends that while shipping rates are likely to continue declining, they probably will not collapse as they having during previous recessions because of alliances and consolidations within the industry. Filmed on August 11, 2022.
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Timestamps

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.