We know that several shipping companies made billions of dollars of profits in recent times.
Each crisis, be it the pandemic or the war in Gaza or the closure of the Suez Canal has generated huge profits for shipping companies.
With so much money made, these shipping companies have ordered more and more new ships.
However, there is something called too much of a good thing. Now it looks like the yards are full of orders for a few years to come. The ship owners who made a lot of money are now...