Aditya “Adi” Menon

But there will come a time when we'll have to look at revitalizing our fleet in terms of some of the fleet.

We would love to see your HRSG modules at our SQLP class.

I could absolutely see that.

If it's a complete one, yeah.

I think that...

The difference between what we're doing now and what happened in 2008 is simple.

In 2008, you had speculators.

You had third-party investors that were coming in and investing in every kind of ship.

They were building containers.

They were building tankers.

They didn't really know what they were doing, but they were investment funds.

And they were listening to brokers who were saying, invest in that, invest in that, invest in that.

And these guys had a five-year horizon.

So they were expecting to get their money back within five years.

But it obviously didn't happen because in 2008 we had a crash.

So these guys are suddenly panicking.

So there's a lot of tonnage in the water.

There's a lot of investors looking to get their money back and they're not seeing that return.

And that pretty much collapsed the market for a long time.

You had carriers not able to deliver a good service You had carriers Scrabbling to make money and we lost a lot of great carriers Um, I don't need to say who they are, but we know who they are and they were great carriers We're talking about companies who proudly flew the flag for mpp shipping for a long time And it was a wake-up call to all of us