Is

this a super cycle or is this a new normal? Certainly it's difficult to say that this is a new normal, of course.

Everybody, when we talk about super cycles, no one wants to utter those immortal words, it's different this time.

which is as close as you can get in shipping terms to probably to cutting your own throat because you sort of put the kiss of death on yourself.

But historically, to give you some perspective, I think a lot of people in shipping grow up with stories about how Onassis made a generational fortune around the Suez crisis in the 1950s.

And clearly, then you move on to John Fredrickson in the in the tanker wars and how he sort of basically generated the capital, which would go on to help him create frontline.

We are now in a period in shipping where the.

You're not going to get these rewards.