Ryan Uljua gave a presentation at the Marine Money Academy held in conjunction with the 2024 Ship Finance Forum in New York last week, where he engaged with a dynamic audience of young professionals.
Ryan’s presentation, “Investment Truths in Shipping & Current Market Trends” sparked a lively discussion, beginning with an interactive exploration of shipping market cycles. He invited participants, including young professionals such as lawyers and graduate students, to share their views on where the shipping cycle currently stands. By the end of the presentation, after exploring key market data and indicators, participants gained fresh insights into the factors driving the cycle.
Geopolitics and Market Disruptions
A significant portion of Ryan’s talk focused on the impact of geopolitics on shipping over the past year, spotlighting the Houthi attacks in the Red Sea. He marked the one-year anniversary of the hijacking of the Galaxy Leader and shared insights into Marsoft's Q4 2024 Base Case scenario, including the expectation that diversions in the region could continue through 2028 – longer than current market consensus.
Shifting Dynamics in Shipbuilding
Ryan also examined structural shifts in the global shipbuilding market since the last major cyclical peak in 2007. He discussed how changes in market share among shipbuilding nations – led by China – could shape newbuilding prices in the coming years, offering a glimpse into potential long-term trends.
The Marsoft Q4 2024 Release is due out shortly – get in touch for more information on Marsoft’s view of the shipping markets.
Photo: David Butler /Marine Money
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