If any Norwegians are reading, which are shipping nerds by virtue of geography, speculating in this market is essentially why John Fredriksen, the Warren Buffet

If any Norwegians are reading, which are shipping nerds by virtue of geography, speculating in this market is essentially why John Fredriksen, the Warren Buffett of shipping, is rich. Shifts in ship availability causes waves of bankruptcy, and either gluts or shortages (whatever happens to be most inconvenient at the time).