The trade war between the US and China has been a godsend for the containership sector, according to Global Ship Lease's George Youroukos.
The executive chairman said ship oversupply causes cyclicality in a market that is always growing in demand.
"It was the best thing that has happened to containers in the last few years," he said today during a boxship sector panel at Capital Link International Shipping Forum in New York.
"The trade war has put the supply in check. It has scared the 'ship' out of people."
The orderbook for containerships is the lowest it has ever been as a result, thus allowing steady growth in the sector without the cyclical ups and downs, he said.
"Honestly, I'm not worried about trade wars," he said.
"I can't imagine goods are going to be produced in the United States instead of the Far East. If they're not going to be produced in China, they'll be produced in Vietnam or somewhere else."
Clarksons shows 72 boxships on order through 2021.
