Seaspan's CEO on Shipping Industry, Outlook

The video discusses the shipping industry's recent downturn due to oversupply and weak economic growth, leading to Hanjin's bankruptcy. However, signs of recovery are evident with improved shipping rates and demand. The industry is experiencing both cyclical and structural changes, with increased cargo volume from Europe to Asia. Market dynamics are favorable, with a balanced demand-supply situation and optimism for the next 3-5 years. The impact of Hanjin's bankruptcy forced companies to reassess resilience. Investor sentiment remains cautious, but new orders in South Korea indicate a positive trend. Long-term profitability in shipping requires patience, resilience, and insider knowledge.

How do cyclical and structural changes affect the shipping industry?

What are the challenges of making money in the shipping industry long-term?

What is your gut feeling about the shipping market's future developments?