Capital Link Podcasts - Shipping Forum Podcast
2026 18th Annual Capital Link Shipping & Marine Services Forum | Heading into a New Era
Sep 15, 2026 · 22 min · 7 segments
- Speakers
Martin StopfordGuest
Capital Link Podcasts - Shipping Forum Podcast
Sep 15, 2026 · 22 min · 7 segments
Martin StopfordGuest
But this, before the revolution in the 50s and 60s, this is what shipping was like, really.
The ships were small because they had to go into little ports and they couldn't, they couldn't, they're very expensive.
The cost of handling freight was going up about 7 or 8% a year during the 1960s.
And so All the big multinationals needed to fix this problem and they basically played a very active part in changing it and we went into this era of change in the next few 10 years, which started with a very important development.
The cargo owners brought in a whole bunch of new ship owners by giving them time charters.
This is Y. K. Pow signing his first time charter in 1959 with a Japanese company.
They By giving the owners long-time charters, the owners were then able to take the charter to a bank, and they used it to buy a new ship, the ship that the charters wanted.
And so, in this way, they funded the redevelopment of the shipping industry from this rather archaic situation in 1950 into a completely new business which developed.
And there was hardly a year went by in the 60s when some radical aspect of the business didn't change.
The first thing was that if you take the tanker industry as an example, in the 1960s, by the end of the 60s, about 80% of the tanker fleet was on time charter.
And that meant that the business got into what was effectively a very positive way of developing the new ships that were exactly what the cargo owners wanted.
I mean, the owners were very, you know, Jacob Stolt Nielsen turned up at a shipyard in in Houston with a load of deep well pumps to get fitted into a tanker that he chartered.
But this, before the revolution in the 50s and 60s, this is what shipping was like, really.
The ships were small because they had to go into little ports and they couldn't, they couldn't, they're very expensive.
The cost of handling freight was going up about 7 or 8% a year during the 1960s.
And so All the big multinationals needed to fix this problem and they basically played a very active part in changing it and we went into this era of change in the next few 10 years, which started with a very important development.
The cargo owners brought in a whole bunch of new ship owners by giving them time charters.
This is Y. K. Pow signing his first time charter in 1959 with a Japanese company.
They By giving the owners long-time charters, the owners were then able to take the charter to a bank, and they used it to buy a new ship, the ship that the charters wanted.
And so, in this way, they funded the redevelopment of the shipping industry from this rather archaic situation in 1950 into a completely new business which developed.
And there was hardly a year went by in the 60s when some radical aspect of the business didn't change.
The first thing was that if you take the tanker industry as an example, in the 1960s, by the end of the 60s, about 80% of the tanker fleet was on time charter.
And that meant that the business got into what was effectively a very positive way of developing the new ships that were exactly what the cargo owners wanted.
I mean, the owners were very, you know, Jacob Stolt Nielsen turned up at a shipyard in in Houston with a load of deep well pumps to get fitted into a tanker that he chartered.
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