How The Suez Crisis Might Give Rise To A New Industry | Economics Explained

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How is the Suez Canal disaster going to impact the already struggling shipping industry?
Who is actually going to end up paying the 400 million dollars an hour that this debacle was reported to cost?
And how might all of this help accelerate the rollout of modern airships?
... all this and more in today's episode of Economics Explained!
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28 авг 2024

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Комментарии : 1,4 тыс.

@EconomicsExplained 3 года назад

Join Trends today and get your first week for just ONE dollar! 👉 trends.co/ee

@kenneth5355 3 года назад

@krishivagarwal5189 3 года назад

@mehaseth9348 3 года назад

@Mr.Prince_Tunmise 3 года назад

Do an Economic of Nigeria 🇳🇬 Video.

@maxagist 3 года назад

Nice video, appreciated a joke, where can I get my prize?👍

@deraal86 3 года назад

Not sure if Airships are coming back, or this was the most sophisticated April Fools Joke on RU-vid?!?!

@cmdr1911 3 года назад

Lockheed and others are developing airships. But they are envisioned for mining, timber and remote communities. Small landing areas needed but can lift massive amounts of cargo. They will fill a new niche

@jamesdoescode 3 года назад

@ᴡɪɴᴛᴇʀᴍᴜᴛᴇ _ Who's saying it would match global shipping?

@qbek_san 3 года назад

Remember how big Airship needed to be to carry a small container with small crew? There is no way airships would be a real transportation for heavy load.

@andrasbiro3007 3 года назад

@ᴡɪɴᴛᴇʀᴍᴜᴛᴇ _ They would have to be really huge, but there's plenty of room in the sky. To match the cargo capacity of a large containership, an airship would have to be roughly 3 miles long, over 10x larger in every direction. But 99.9% of that is just gas and some cheap fabric to contain it. I think hot air would be the ideal for lift, because it's very cheap and safe. At this size the heat loss would be minimal. The large size would also make leaks far less significant. The biggest challenge I see is maneuvering close to the ground in strong wind. That's what the old airships struggled with. But size helps here too, for the same reason as with everything else. Volume, and therefore mass, grows with the cube of the size, while the surface are only with it's square.

@felipec.2854 3 года назад

There is a Brazilian company doing that because infrastructure in amazon is horrible

@BodyweightWarrior 3 года назад

It took me a good 7 hours to figure out this was an April Fools 😂

@graciouscompetentdwarfrabbit 3 года назад

I'm @ 9:48 and I sure hope it is, because I'm studying Marine Engineering/Naval Architecture and I don't want to be put out of a job because of frickin' Zeppelin. If that happens, you better bet another Hindenburg disaster is going to happen.

@Ms123kill 3 года назад

@@graciouscompetentdwarfrabbit well there is always helium

@niallsheridan9594 3 года назад

@@Ms123kill we’re actually running out of helium

@dr.lyleevans6915 3 года назад

@@niallsheridan9594 Yep. Something like 90-95% of our readily available He supply has already been exhausted. Mostly for balloons and whatnot lol

@jamesk7777 3 года назад

I just came back to watch it because I was half asleep watching it late last night and thought as someone in aviation this seemed pretty bizarre to me. Can't believe this amazing creator would spend a week producing this motivated by nothing but the lulz.

@nachiketh3650 3 года назад

Step-boat I'm stuck!

@EconomicsExplained 3 года назад

take your heart and please never comment here ever again!

@thedwarvenking8127 3 года назад

@@EconomicsExplained lol

@Snusnu2977 3 года назад

@@EconomicsExplained 😂🤣

@angelrobinson334 3 года назад

*No 1: Don't Only Hope On Government's Responds On security Matter's And Economy growth,* *No 2: As An Individual You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities,* *No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital,* *Because Government Have Failed Us In Aspect Of Security, Economics Activities And Other Trading Systems.*

@juankeith9355 3 года назад

After a successful investment you have nothing to worry about whether the rise and fall of economy or anything won't affect you make your future brighter by making good investment

@saintarj4552 3 года назад

Imagine you order a package on amazon and one of those blimps just drops it off on your balcony

@yourlocalengineer 3 года назад

Blimp + drone combo could work wonders

@ulrichbrodowsky5016 3 года назад

I think that's the wrong concept. Airships, like ships, benefit from being big. If they ever truly become viable, we'll probably get hundred or even hundreds of meter long airships. In practice they will most likely go from city to city, not from home to home

@solomonlam3157 3 года назад

Hans, get the antiair guns!

@cyclix5314 3 года назад

@@solomonlam3157 Gunter, we have no rounds!

@livethefuture2492 3 года назад

just like bombing London...

@Quickonomics 3 года назад

The world economy: "Oh my god, the Ever Given is stuck. This is terrible!" EE: "Well, that has to be the world's worst parking job."

@jessevanhorn3726 3 года назад

I thought he was referring to the Hindenburg

@mustafasahidmahamoud4942 3 года назад

Last time I was this early, world trade was being conducted around the Cape of Good Hope.

@Martcapt 3 года назад

Pshhh I was here when it was called Cape of Torments

@markhenley3097 3 года назад

So a few days ago?

@stephenbigdreaminowens5035 3 года назад

I imagine all the steam punk fans are very happy about the possibility of airships.

@ssik9460 3 года назад

The last time I was this early we used to go around the cape of good hope and nobody made a fuss about it

@ridgeshepherd4746 3 года назад

Nowadays everyone wants to go through a canal like some kind of Democrat

@jakehix8132 3 года назад

@@ridgeshepherd4746

@arnowisp6244 3 года назад

To be fair, we are heavily tuned to everything arriving through the canal. A sudden change in route for lots of ships is highly distruptive to a fragile industry

@bramvanduijn8086 3 года назад

@@arnowisp6244 So... make it less fragile?

@juch3 3 года назад

So like the 1960s?

@m.streicher8286 3 года назад

I don't how if I'm getting clickbaited but modern airships would be incredibly cool

@EconomicsExplained 3 года назад

Indeed, I want myself a sky yacht.

@trevorames889 3 года назад

Just vote with your wallet.

@gtbkts 3 года назад

Agreed

@AlbanAwan 3 года назад

@@trevorames889 That only works if there is someplace to vote with it

@trevorames889 3 года назад

That was the joke.

@kenneth5355 3 года назад

Ship: gets stuck The internet: "Push me harder, step excavation man"

@sweetpeaon3 3 года назад

Ship: *gets stuck* The internet: push me harder push me push me swaaaaang into tomorrow

@livethefuture2492 3 года назад

the excavator was clearing the bow of the ship, the actual pushing was done by the tugboats and the ship's own power.

@kenneth5355 3 года назад

@@livethefuture2492 dig me harder up there, step excavator

@caorusso4926 3 года назад

Excavator-kun i stuck help me, baka

@mr.p215 3 года назад

Push me harder daddy!

@peterg6012 3 года назад

I thought that there’s no way someone would come up with this. Then I remembered what today is.

@kirtil5177 3 года назад

there was actually a company trying to make cargo carrying blimps, sadly they just went silent and dissapeared

@philipp7935 3 года назад

airships and inclement weather = oops

@cmdr1911 3 года назад

I always forget seeing blimps/airships overhead isn't normal. I grew up about 10 miles from Goodyears Hanger and constantly saw it. It was more odd to not see it weekly than it was to see it.

@Peoples_Republic_of_Cotati 3 года назад

I've been quietly watching these airships develop for ~20 years. Seeing them fly is quite inspiring.

@sidewalks29 3 года назад

Fallout4 Prydwen Arrival: “People of the Commonwealth, do not interfere. Our intentions are peaceful”

@nazrulaqmar4891 3 года назад

We are the Brotherhood of Steel

@NaviYT 3 года назад

I literally just replayed that mission last night lol. I haven’t played this game in ages!

@ologhai8559 3 года назад

yeah... genocide is always peacefull...

@carter342000 3 года назад

That introduction always struck me as very Borg like. Which kinda makes sense in Fallout 4

@shivanshkhare5512 3 года назад

love your content, hate your accent

@cx5307 3 года назад

We had a company called Cargolifter in Germany who tried to build enormous airships. The concept sounded great but the numbers didn't work out in the end.

@kekistanihelpdesk8508 3 года назад

Germans and airships just go so well together :)

@andrewlucia865 3 года назад

Possibly because they started out too big with no experience in building airships to draw from, while most current companies producing prototype airships, like Lockheed Martin, are starting small and scaling up from there. Ultimately, these ships could be very useful for transporting hundreds of tons of cargo to very remote areas with almost no infrastructure. Such as the communities way up near the arctic.

@jeffreypierson2064 3 года назад

Germany has good ports, rail, and roadways. Since the Germans have already invested in the infrastructure, there isn't much margin to improve. Russian Siberia diamond/gold mine to Beijing and back sound like a better match.

@PORRRIDGE_GUN 3 года назад

@@andrewlucia865 Lockheed Martin are crooks. Look at the eye watering cost and delays to the F35. The bugs in that plane are not faults, they are features! Cost overruns is LMs business model.

@andrewlucia865 3 года назад

@@PORRRIDGE_GUN And...? Don't get me wrong, I think the F-35 program has cost way too much, but how is that relevant right now? It certainly does not change the fact that they are among the leaders In aviation. And my point was that most companies producing prototype airships are starting small as opposed to going gigantic right off the bat, and simply used Lockheed as an example of that. They certainly are not the only company building prototype airships.

@ietsbram 3 года назад

imagine a delivery airship flying to a city and simply flying/hovering over it whilst releasing a swarm of drones that deliver small to mid-sized packages at doorsteps

@shorewall 3 года назад

Even if it only replaces trains and trucks, it's a great idea. We already have drones, so having a drone mothership is just the next step.

@HalNordmann 3 года назад

@@shorewall Even if just trucks, it would be so awe-inspiring to see those sky behemoths flying overhead.

@crhu319 3 года назад

That's really the only practical way

@jeffreypierson2064 3 года назад

You have to carry those drones the entire way. The weight would be better spent on hauling more cargo. Drop it off at the distribution center and have the local drones take in the last mile.

@shorewall 3 года назад

@@jeffreypierson2064 Good point.

@wannabewallaby1592 3 года назад

I can imagine blimps accidentally bumping into each other and bouncing everywhere

@mirzaahmed6589 3 года назад

Slow-mode Brownian motion.

@krishivagarwal5189 3 года назад

Hey! Here. You make amazing content man! Huge fan.

@sydneyw4282 3 года назад

Agree!

@harshjain3122 3 года назад

@@mrashford122 I mean- You wouldn't just study economics alone. It's pretty useless. Financial terminologies and stuff make it somewhat important(but then it takes years to study)....hence just for the sake of entertainment and knowledge majority people see this. Which channel would u recommend?

@jopa9626 3 года назад

@@harshjain3122 Afterthought.

@lupitamary8973 3 года назад

Exactly that's true if you have a good investor you have nothing to Worry about

@sydneyw4282 3 года назад

@@mrashford122 Why are you here? To upset yourself and complain?

@thibaultlibat368 3 года назад

Airships are limited by weather. They might fill up a niche market, but i highly doubt they can seriously compete with shipping

@talltroll7092 3 года назад

Yes and no. The modern ones can actually fly above/around most adverse weather, and are much better at dealing with surface conditions than their 20thC ancestors. Really, the main stumbling block right now is the lack of infrastructure. I could maybe see a potential future where airships got some traction in places like Canada, Australia and the US interior, then Africa once a viable world industry exists

@jlin995 3 года назад

Not the ship captain's fault, but imagine how he must be feeling.

@aliasgharkhoyee8911 3 года назад

Who knows whose fault it is.

@markspark7347 3 года назад

Definitely not his fault, it was the Pilot. Captains don’t sail in the Suez Canal, all ships are steered by pilots :)

@luddity 3 года назад

It's the fault of whoever decided that ships longer than the width of the canal itself should be allowed to enter it.

@thomastakesatollforthedark2231 3 года назад

@@markspark7347 but... Its a ship

@dennislp3 3 года назад

@@luddity Well as pointed out in the video...it was made before such large ships were around....they supposed to just not allow a huge portion of world trade to pass through?

@hirisen 3 года назад

Airships huh... Gives me Trails in the Sky vibes

@sanghelian 3 года назад

or crimson skies

@SubXero1000 3 года назад

or Skies of Arcadia

@sanghelian 3 года назад

...wait a moment. is "freighters move into airships so pirates get airplanes" a genre in itself?

@sanghelian 3 года назад

there's also sky captain and the world of tomorrow

@najaytheslug 3 года назад

Orbital energy is on Mars, that's why Elon is gunning there

@HowMoneyWorks 3 года назад

12:03 Who are you calling McBeachFace? You're a BeachFace!

@EconomicsExplained 3 года назад

You specifically!

@Swordfish42 3 года назад

I want airships coming back very much. they would make so much sense in some situations

@talltroll7092 3 года назад

Despite the date of the video, it is actually a distant possibility, although probably not any time soon. Modern materials and design techniques enable much more efficient, lightweight designs, which would be necessary to compensate for the switch to He, instead of H as the lifting gas. Ironically, that also shows up the impending world shortage of He though, so we may not actually see large scale deployment of airships until we have a permanent presence in space, and commercial fusion power. Those would make He mining (He3 for fusion fuel, He2 for airship production) an actual viable, profitable industry in space (on the Moon specifically, at least in the early days, although the gas giants and comets might also turn out to be viable in the even longer run) which would be relatively easy and cheap to set up.

@pdw8635 3 года назад

I always laugh at the idea- oh Uber.... I can’t get in a car with a stranger.... oh you know every bus and taxi driver in the world on a personal basis?

@موسى_7 3 года назад

They are uniformed professionals, so people trust them more or see them as more prestigious.

@shorewall 3 года назад

In any case, Uber, Taxi, and Bus Drivers have more to fear from their passengers than their passengers have to fear from them

@liammorgans7329 3 года назад

Dont you need a special license to be a bus/cab driver?

@ANYA.RIZALI 3 года назад

meow

@kefkapalazzo1 3 года назад

@@liammorgans7329 I think you need the same license to drive cabs and Uber, at least in New York

@delgermuruntsagaankhuu6951 3 года назад

imagine a gigantic shipping airship falling into a highly populated area, it;s unlikely to be used anywhere near any large cities but it;s a fun thought experiment

@somethinglikethat2176 3 года назад

We flight much heavier planes over cities all the time.

@magentasound_ 3 года назад

Yeah I assume they’ll only use it if the reliability is near planes’

@seraphina985 3 года назад

@@magentasound_ To be fair it's not like trucks are exactly winning any prizes for safety either, individual accidents tend to have smaller consequences but they happen frequently so their fatal accident rate per container mile and deaths per container mile are not as favorable.

@rajeshpandey2198 3 года назад

Or maybe it's a extremely good April's fool jokes

@almerindaromeira8352 3 года назад

Someone forgot to check the date

@موسى_7 3 года назад

Hybrid airships! Awesome! What about the Belt and Road? Or just building an exit canal, so the Suez can be a double canal?

@jonathandemiguel1458 3 года назад

The last time I was this early Uganga-Bunga was learning to buy things with stones

@prachetasnayse9709 3 года назад

This needs more likes

@hagnat 3 года назад

for a moment, i thought this was an April's 1st video... "lets replace shipping with airships!!!"

@TheDavidjoek 3 года назад

It is..

@ichbinein123 3 года назад

I'm still not fully convinced it isn't an April 1st video...

@BrendanEvan 3 года назад

Yeah everything today will be taken with a massive lump of salt including this

@akaegotist 3 года назад

It's a very obvious April 1st video

@hagnat 3 года назад

fun fact.. its NOT the first time i hear the idea of airships as an alternative to shipping... its not like they are going to fully replace ships, but an alternative for the situations that were describided in this video

@Pseudynom 3 года назад

"... ran aground at the southern tip of the suez canal." *zooms into the northern part of the suez canal*

@justlisten82 3 года назад

Amazon will have these airships in centralized locations with autonomous drones delivering packages within 15 years. You heard it here first.

@GjaP_242 3 года назад

10:20

@bramvanduijn8086 3 года назад

I think that patent was filed months ago.

@charliepearce8767 3 года назад

And we all be flying around in our cars and going to school with our jet packs, hover boards, Blah blah...yeah....sure....

@justlisten82 3 года назад

@@charliepearce8767 lol those things never made sense for business or practical purposes, this does and that's why it will be a reality unlike the others you mentioned.

@charliepearce8767 3 года назад

@@justlisten82 Spot on...

@flatsurfaces1913 3 года назад

“Modern airships are going to be a big thing from now on” Sources: (dude trust me) And on April first

@ericlotze7724 3 года назад

The USA government kickstarted that "Hybrid Airship" development. The technology is there, only issue is demand. en.wikipedia.org/wiki/Hybrid_airship

@ericlotze7724 3 года назад

The speed/location choices of air transit, without the insane fuel cost.

@ericlotze7724 3 года назад

Also airships can be made to land/take off vertically.

@sciencemanguy 3 года назад

I checked out some of the headlines he posted and read through it. Based on what I know of economies of scale and all that, I don't think airships will ever be as cheap as cargo shipping (unless we have behemoths of airships...), it likely won't 'replace' them. I thought it was an April Fools thing too until I seriously looked into recent developments in this, it's actually legit. As will it replace shipping, I don't think so. I think it'll be an option alongside ship, air, train, truck stuff.

@ericlotze7724 3 года назад

@@sciencemanguy I 100% Agree it won't REPLACE stuff, but especially as the "i want it NOW" market grows with amazon and whatnot i can see it being viable.

@bromz8 3 года назад

Unfortunately I expect to see more of these stuck ships in the near future, its scary. This crisis gave the bad guys new ideas. (edit: video covers it)

@bromz8 3 года назад

@@bigballz4u Sorry, I meant the fact that the shipping industry/canals will be a semi easy target to cause massive damage. I hadn't watched the video when I commented and he covers that its an incredible weak point in the worlds economy. He avoids talking about the "bad guys" directly though, meaning malign governments, terrorist organizations or who ever would like to cause some worldly harm.

@reksiohundson8706 3 года назад

Imagine now airship issue , and co 50 , 15 tones containers falling randomly , from skys ... I dont think being home could help you.

@bromz8 3 года назад

@ᴡɪɴᴛᴇʀᴍᴜᴛᴇ _ Yeah that was in 1967, far before globalization. The amount of trade has sky rocketed and the needs for those goods has as well. Back in the 60's countries tended to be more self sufficient and didn't rely on trade nearly as much.

@konfigjunior1855 3 года назад

@@bromz8 Which is a bad thing, right?

@bromz8 3 года назад

@@konfigjunior1855 What's bad for most can be good for some. Closure of Canal probably bad overall for countries in Europe, Middle east and especially China, but at the same time wakes Europe up to weak links in their supply security and possibly encourages some manufacturing to move back to mitigate risk.

@stuffmorestuff6647 3 года назад

Every bit of engineer inside me is saying no when it comes to airships as a practical transport method. They're extremely vulnerable to weather, and a single puncture in one of the gas bags can bring the whole thing crashing down. We've already tried transporting heavy things with airships (just look at the US Navy's flying aircraft carriers) and we found it didn't work out. Happy April Fools everybody!

@matthewwypyszinski4873 3 года назад

I think the larger problem is the general global supply shortage of helium lol, unless you want to launch hindenburg 2.0

@stuffmorestuff6647 3 года назад

@@fortusvictus8297 Uh... no that is how they work. Airships are filled with lighter than air gasses, generating the buoyant force that allows them to float. Putting a hole in it will cause the gas to leak out, and eventually you won't have a large enough buoyant force to stay in the air, thus crashing. Also, a fuel cell is something used to generate electricity, heat, and water by reacting Hydrogen and Oxygen. They were used on the Apollo CSM. Original quote: "Literally not how airships work. They are not a large party balloon. Even the old Hydrogen fuel cells (yes, fuel cells) of the 1920s could be shot ALOT and be fine...they just couldn't catch fire. Helium airships of the time (like the USA used) could take ridiculous amounts of holes and still get back to their airfield... the weather is a problem because of the size just like with massive cargo ships. I purely scientific terms, there is exactly 0 difference between a large airship and a submarine, only the fluid they operate in changes."

@stuffmorestuff6647 3 года назад

@@fortusvictus8297 "They are a series of compartments with less buoyant fluid in a sea of fluid..." so a balloon... edit: Original quote: "Yeah, because science isn't a thing. Look, they are NOT giant balloons. They are a series of compartments with less buoyant fluid in a sea of fluid...like ballast tanks on a submarine. They operate by varying the density up and down (using compressors and storage tanks) to increase or decrease the buoyancy of each individual compartment. While submarines in water start high and have to deal with increasing density as they decent, airships start dense and have to deal with decreasing pressure as they rise. On the durability issue any hole (or series of holes) in any one compartment would have to be SO LARGE as to exceed the ability of the system to keep it inflated AND be so large that they could drain the entire volume of gas in less time than it would take the airship to get back to base or find an alternate set down point. Physics is NOT on your side here. Google how the A10 or A50 work, there are entire shows on just how they function."

@spad4728 3 года назад

I would instantly click on an Economics of Airships collab video with Wendover Productions.

@QuintBoney 3 года назад

Ha, I almost forgot is was April 1st ;-)

@FlyxPat 3 года назад

The cost of the blockage isn’t just the value of the goods delayed it’s also the flow-on delays across the affected supply chains.

@muhammadhr5264 3 года назад

Are you going to make a video on Bangladesh?

@EconomicsExplained 3 года назад

Good idea!

@josephfox9221 3 года назад

@@EconomicsExplained if you need any translations or questions let me know im married to a bengalideshi

@carultch 3 года назад

If you were to concentrate the entire world population in the 48 contiguous states of the USA, the population density would still not equal that of Bangladesh.

@tusam3643 3 года назад

The final tally is closer to this: $20.000 per day per stranded ship (6 days x 150 ships) for demur age $15 million per day in lost revenue by the Canal Authorities (Egypt) For those ships who diverted through Africa, add 10 days and extra $10.000 daily fuel consumption. way lower than those figures

@WagesOfDestruction 3 года назад

This is the cost to Egypt

@tusam3643 3 года назад

@@WagesOfDestruction the cost to Egypt in lost toll fee is bout 15mln per day, that's it. the rest is the cost for the other shipowners.

@WagesOfDestruction 3 года назад

@@tusam3643 Even if true, Egypt is only a small part of the world.

@DarielAres 3 года назад

THE BEST CHANNEL, greetings from south of Brazil!

@thedoruk6324 3 года назад

+Dariel Ares Are you *going to Brazil* ?(!)

@moonlight-hm4bh 3 года назад

Do Sudeste aqui kkkkk, os brasileiros dominam

@Agaudio7 3 года назад

Best channel indeed haha from southeast Brazil here!!

@marwanshamsia 3 года назад

The physics of airships just makes it inherently more expensive than the other options.

@fionntoibin1269 3 года назад

I thought he was going to make it an april fools joke tbh

@andrasbiro3007 3 года назад

I don't think so. They are simple, made of cheap materials and they don't need much power to fly. The only expensive part is the helium, but at large scale I think hot air would be just as good and infinitely cheaper.

@emptystuff1593 3 года назад

@@georgepeterjoubert7482 They must come down at some point, meaning they will let heat / gas go away.

@lazergurka-smerlin6561 3 года назад

well helium is expensive yes... but hydrogen on the other hand

@user-eb8ti2vf8t 3 года назад

@@lazergurka-smerlin6561 oh the humanity

@nickg1895 3 года назад

I love how I can see some eventful world news like the grounding of the Ever Green in the Suez and just think to myself wow this a gonna be a good couple videos on Economics Explained, Etc.

@raulsantandertirado4400 3 года назад

I like how you ordered them in order of capacity. Ship -> Train- > Bus -> Plane

@tobiogunsina8426 3 года назад

Could you do an economy review on Nigeria or Rwanda. They are two interesting cases of the post colonial rebuild

@gags4u2 3 года назад

Nigeria? Nah

@decus9544 3 года назад

@@gags4u2 Why not? Comparing Nigeria and Rwanda, Nigeria's GDP per capita is about 3 times higher, it just doesn't translate into living standards due to its economic model, but the growth has actually been more convincing in the long term even if it's not felt on the ground.

@iafozzac 3 года назад

>may never recover from this blow Dude, you're blowing this way out of proportion The Suez canal was closed off for a decade after the Egypt-Israel war last century and we still didn't go around flying on airships

@Xeno_Channel 3 года назад

Been wanting airships to be the center of shipping for years, finally the idea is getting traction

@HansLemurson 3 года назад

Tractionless trecking with no tracks must gain traction!

@13dg 3 года назад

this is a April fools joke. Ships will be the main way of shipping even after this accident. a airship cant be compared with a container-ship in terms of capacity. it would be completely impracticable, considering that a ship can carry x1000, x2000, x3000 (or even more) of what a airship can. Shipping by air is considered a more expensive way, which has the advantage of being faster so, it is only suitable for things that really need to be delivered fast, like medicine for example.

@Vassinatorz 3 года назад

The odd bit of humour in each of your videos is always so brilliant

@elinope4745 3 года назад

Governments have been trying to find excuses to fly lots of cameras over the citys. New technology allows them to record the entirety of the outdoors in a very large area, thus recording all outdoor activities.

@bramvanduijn8086 3 года назад

... They can just use the existing traffic, security, and other cameras (phones!) for that. I hate seeing conspiracy theorists who don't realize the real world is already honest and in their face about how they are screwing you. The real powers don't need to be sneaky, they advertise their acts and you react by buying their products and voting for their figureheads. Nobody needs to lie to you to get cameras everywhere, the camera is already in your pocket and all they need to do is pass a counter-terrorism law that forces phone app developers to put backdoors into their encryption.

@luckyluke5638 3 года назад

My favourite thing about blimps is that they're easily scalable compared to ships which can only grow as large as the dry docks they're built in and the ports they stop at. If you use the jet stream right you can also move accross the globe relatively quickly with little fuel. One problem is even though they're easily scalable, they need to be massive if you want to move any significant amount of cargo. The Hindenburg was huge and could hardly carry a few tons, and that's using hydrogen for lift which we can't use today. Helium can lift even less than that. Another problem is sharing the airspace with planes going 10 times the speed.

@NoobsofFredo 3 года назад

On the one hand, this feels like an April Fools thing. On the other hand, though, I've actually been following this for a few years now and desperately hoping that it comes to fruition. I do legitimately think that it could have a very real role in remote transport over rough terrain (such as Canada/Alaska or the interior, less populated areas of South America), but I rather doubt that any particularly large portion of global shipping will go airborne anytime soon. Although if we could get airborne cruise ships, that'd be pretty awesome.

@tenshi53 3 года назад

Airships being developped at the moment will serve as mobile sky cranes. For example, they will be able to deliver wind turbine parts (as in, multiple turbines per trip) to remote places more safely/more efficiently than helicopters and support remote job sites. They are expected to be slow, but it is not so much about replacing shipping, but filling the gaps that current technology has trouble fulfilling.

@shubiitb 3 года назад

hmm airship smells like an odd April fools joke...

@garethbaus5471 3 года назад

I realize this is almost certainly an april fool's joke, but airships definitely have some significant advantages over some other ways to transport goods. They are often capable of traveling significantly faster than a container ship, truck or train, can be built to hold as much cargo or even more than a plain or a truck and can travel between any two points in a more or less straight line with very allowing for a fairly low fuel consumption. Plus modern airships can be designed to use hydrogen as a lift gas with a fairly low chance of fire by contaneing the lift gas inside an envolope filled with a reletivley inert gas like CO2, or nitrogen, or argon( you could also use helium but we have a very limited supply of it, and it is very useful for other applications.

@rossellis2407 3 года назад

You really never explained what about airships makes them such a promising option for transport in this

@m136dalie 3 года назад

They don't rely on infrastructure (theoretically)

@Daniel16111996 3 года назад

@@m136dalie Well, except for landing areas, air traffic control, access to airspace, maintenance areas,

@m136dalie 3 года назад

@@Daniel16111996 Not to mention fuel I don't think there's any potential in it at the moment really, though potentially in a world of abundant energy and resources it might work

@cpanbalagan 3 года назад

Today is April 1

@rossellis2407 3 года назад

@@cpanbalagan I know, but this seems too long and detailed to be a shitpost. Then again, maybe the EE team has too much time on their hands

@somethinglikethat2176 3 года назад

Could you do a video on the cost of regulation? The good, the bad and the ugly. Food standards for example the US chicken chlorine treatment impact export opportunities, the different US and European car standards that mean a lot of extra design cost and things like Australia/New Zealand standards which can make developing safety procedures and policies much easier and more effective.

@thedoruk6324 3 года назад

Oh No Appearently *StepShip* Has Stuck under the Canal! What does an Economist would do

@kneelesh48 3 года назад

I don't think Air Ships will be a thing. They're far too expensive

@dougstubbs9637 3 года назад

Well, the Canel was closed in 73 for 7-8 years, and no Airships appeared. The price of Oil went through the roof, but Western Economies still grew. FYI, the canal was opened in 1889, and shipping was still mostly Sail, not Steam. The original canal was a mere 30 meters wide, and was lined with Terpentine tree piling, timber which doesn’t rot. These trees are native only to Frazer Island, off the coast of Southern Queensland, Australia. There is now a single stand of about 30 mature trees left. Unrestrained Capitalism, bringing you environment degradation for yonks. Within a mere 30 years no piles were in place, as widening the Canal was undertaken. During the 1980s, Japan paid to double the width, making passage of these mega ships(500,000)tonnes possible. As we viewed, the width means no haunch, pile or bench is needed to restrain the embankments. The Egyptian crossing of this Canal in 1973 remains one of the greatest military engineering feats of all time. My one hope is one day, all the nations will decree all strategic choke points like this as demilitarised and guarantee freedom of movement. Just requires those in power to cease playing toy soldiers with the lives of those younger than themselves.

@rmodjeski29 3 года назад

10:54 "trucks kinda suck" Truck: *Misses a shift*

@Sparticulous 3 года назад

It would be cool if airships are coming back. It would be So cool to see them

@SuperReznative 3 года назад

Do some research, the proposals are real especially for remote locations where there is damaged or infrastructure... exploration, mining etc.

@Sparticulous 3 года назад

@@SuperReznative I already know about germany's airships for example. I don't need you to comment for me to do research. And my comment does not preclude me knowing if they are actually coming back or not. I tried to keep it conservative since I saw some people trying to say this was a april fools joke as I was watching it.

@zachjones6944 3 года назад

YES!! I’ve wanted Airships in Hawaii to side-step the Jones Act.

@wog6523 3 года назад

im glad i decided to stay up till 11 pm tonight lol

@TylerMartin-lf8wk 3 года назад

This better not be an April Fools, the world needs more airships😤

@mfaizsyahmi 3 года назад

Average Tinfoil hatters: Ever Given grounding is a global consipracy to cripple world trade. Average Elite Economist: Ever Given is grounded for EE to make the most elaborate April Fools

@azmainyousuf5172 3 года назад

Sometimes I really hate this channel, but sadly find no other alternative and keep coming back.

@darkleome5409 3 года назад

10 years later: airship is stuck between mountains

@heisenberg8083 3 года назад

😂 Cost 30 billion dollars per hour

@Dudanation12 3 года назад

"Now trucks actually kind of suck as an efficient way to transport stuff." Now that's an understatement.

@duo496 3 года назад

Help me step-ship

@CirBam24 3 года назад

Step-ship takes the ship out And ship goes away Step-ship looks at the camera "What do you think was going to happen? *I am a ship of God!"*

@jonathandemiguel1458 3 года назад

memes. Everything is just memes.

@Treviisolion 3 года назад

Just did a tiny bit of research on modern airships. It’s possible they could fill the niche of transporting a small amount of goods through difficult terrain with poor infrastructure or as a stopgap for when infrastructure fails in a disaster (though probably not ever being able to keep global trade flowing in the case of the Suez Canal gets blocked again), but I find it unlikely they’ll ever became more than a minor supplement to what we have without some major innovation and that’s because they rely on helium. We are experiencing a major helium shortage with very little helium left to mine left and most of our world’s storage already depleted. In short we do not have the helium to support a large global fleet of airships. So until we get a supply of helium, somehow develop a new gas with significant lifting power in air, or make hydrogen safe, airships are likely to remain a niche support role.

@whateverrandomnumber 3 года назад

Struggling shipping industry? These guys are making more money then ever!

@michaelimbesi2314 3 года назад

Not really. The international maritime industry is cutthroat af and has ridiculously low profit margins. Most of the time is spent running at a loss.

@tusam3643 3 года назад

Containers and dry bulk are printing money like the FED. Tankers are suffering a bit but made a lot last year.

@Game_Hero 3 года назад

look at the date

@ANYA.RIZALI 3 года назад

meow

@TheBoesie666 3 года назад

I started laughing while drinking coffee. The beached mcbeachedface got me by surprise

@reinhardtsanchez7952 3 года назад

Last time I was this early, the Ever Given was still drawing a pp in the sea

@justuseodysee7348 3 года назад

You're forgetting that airships are hellishly dependant on weather. Even relatively small amount of wind is a no-go for a large light balloon-like constructions.

@verified_tinker1818 3 года назад

EE, we really need confirmation on whether this is legit or an April's Fools joke. Edit: I see your heart, EE, but that's not an answer!

@mirzaahmed6589 3 года назад

He didn't heart your comment.

@verified_tinker1818 3 года назад

@@mirzaahmed6589 He did, but it's gone. Maybe hit it by accident. Proof: i.imgur.com/yr66khF.png

@snomisgod777 3 года назад

@@mirzaahmed6589 he edited his comment and that removes the heart

@snomisgod777 3 года назад

@@verified_tinker1818 when you edited youre comment you lost the heart

@verified_tinker1818 3 года назад

@@snomisgod777 Top 10 anime betrayals, indeed!

@dyadica7151 3 года назад

EE: Your video of April 1, 2021, has inspired me and I am now looking to invest in Airships.

@Artufutu 3 года назад

This channel makes so much amazing content Amazing video

@EconomicsExplained 3 года назад

Thanks mate :)

@SpecialJay 3 года назад

I work in the bunkering industry. Shipping is the world's most conservative industry. Don't expect change any time soon

@carlosandleon 3 года назад

laughs in mining

@user-ic4ce8xb5v 3 года назад

the suez crash makes me think of that tiktok sound: "oopsie woopsie, I made a f**kie wuckie"

@dontstoplearninglife6054 3 года назад

The main issues for Airships are most likely that stable airship gases like Helium are too expensive to make Airships scalable

@LukeBunyip 3 года назад

Last time I was this early, you could walk across the Red Sea.

@rebelgusanos 3 года назад

40 foot shipping containers aboard airplanes is the April's fools joke

@WannabeMarsanach 3 года назад

Seems legit but can't trust the date

@nxte8506 3 года назад

That outro segway was amazing 😂

@caynebyron 3 года назад

Can't you ship goods to Switzerland on the Rhine though?

@boosterh1113 3 года назад

You can, but to get as far as Basel, the goods need to be on a river barge, which means crossloading them from an ocean going container ship somewhere (probably in Rotterdam/Amsterdam or Cologne). I mean, if you had 100 tonnes of cargo that would reliably go from London to Basel every week or so, you could probably build a single specialised vessel that was seaworthy enough to cross the Channel and small enough to sail upriver. But in terms of contracting space for a one-off shipment of a single container? Not practical.

@caynebyron 3 года назад

@@boosterh1113 thanks, this is super informative!

@Build_the_Future 3 года назад

Until someone can solve the problem with the wind blowing the airships around and crashing them or limiting them to extremely low wind days. Airships will never be main stream

@LinksSpaceProgram 3 года назад

I'm not sure if this is an April Fools joke or not

@ArianrhodTalon 3 года назад

Imagine this. Airships for the bulk of the journey, then releasing a drone fleet for the last mile delivery.

@pasticcinideliziosi1259 3 года назад

i was thinking about this a while ago. Why can't they use trains? there's way less cost for building the whole thing since trains and railroads already exist, they would only have to build a wagon for the drones. Just imagine: you make an order, it is put in the train from the warehouse, when the railroad is closest tou your house a drone with your order takes off, finishes the shipping and runs back to the train.

@bramvanduijn8086 3 года назад

@@pasticcinideliziosi1259 The biggest problem with trains is that you have to buy out the current owners of the land for new tracks, and that is a huge hassle since there are a lot of people and one ladowner refusing to sell means you need to completely reroute or give up. Even if you manage to reroute, that means buying out multiple other people with the same risk. It would be easiest in totalitarian states.

@pasticcinideliziosi1259 3 года назад

@@bramvanduijn8086 yeah, but in totalitarian regimes less people buy. in China the price of buying the land is just 8 % of the total prices, where in the USA it’s 20% (even if the reason for such a low percentage could be higher costs of other things in China). But one of the powerful points was that infrastructure already existed, and with a drone that can fly an high enough distance there would be no need for new railways

@zen-ventzi-marinov 3 года назад

- remember when the canal was first built ships looked like *this* shows a ship big af

@skyfeelan 3 года назад

watch neo video on suez canal, that ship size isn't even close to the stuck ever given

@saeedsanei1272 3 года назад

Reason I like the idea of airships for trade is cause it gives an opportunity from the ground up to have a pretty eco-friendly way to send goods. Plus giant balloons flying all over the place would be pretty funny

@23merlino 3 года назад

agreed... however, i don't think it will come to much... why..? as far as i know they use helium and helium is a very rare gas on this planet...

@shubhamsagarsingh9451 3 года назад

waiting for ny economics of Gotham video.

@EconomicsExplained 3 года назад

TLDR, you don't want to live there... Their economy seems to run purely on mayhem and infrastructure repair stimulus spending.

@shubhamsagarsingh9451 3 года назад

@@EconomicsExplained so is it coming? well actually Gotham is based on the crime era of New York City.

@XOPOIIIO 3 года назад

The fact that Russia is a net exporter of food doesn't mean it isn't focused on farming. It rather means that most food produced is consumed locally. To evaluate how much a country is dependend on external sources, you rather have to count how much of total food consumed was imported. In fact, because russian government consider food safety as an important geopolitical issue, over 90% essential food items are produced locally.

@finnjennen8943 3 года назад

Imagine he reacts to this reaction.

@EconomicsExplained 3 года назад

What does EE and flourine have in common? We are both very reactive ooooohhhhhh

@kenneth5355 3 года назад

@@EconomicsExplained which means that you are not 'BASED'

@somethinglikethat2176 3 года назад

Helium reserves: hehe, I'm in danger.

@spencervance8484 3 года назад

I heard vacuum sealed airships might be a possibility. Also i heard that airships go as fast as a truck but since they dont have to deal with land they can cover ground fairly quickly.

@axel2770 3 года назад

Happy April fools!

@EconomicsExplained 3 года назад

not in Australia anymore

@todo9633 3 года назад

In all honesty though, airships are an interesting but somewhat niche option for certain types of transport.

@aniruddhadatta784 3 года назад

I honestly thought this was an April Fool's joke up until I saw the prototypes😂

@OHYS 3 года назад

Are you joking? It is one!

@aniruddhadatta784 3 года назад

@@OHYS Well, heavy-hauling hybrid airships have really been proposed... but they'll probably not be technologically and/or commercially viable anytime soon, so there's that I guess.

@CornishCreamtea07 3 года назад

As I know nothing about the air craft industry, this for all I know could not be an April Fools video and in fact real.

@SuperReznative 3 года назад

It's real, do a bit of research. 👍💯🇨🇦

@kevinjmanning03 3 года назад

I love how the world is treating the Ever Given situation as completely catastrophic to the supply chain. Supply Chain disruptions happen every day, some much worse than the Ever Given. Supply Chain Pros plan for things like this, we know it's going to happen. When it does happen we adapt to the situation move to alternate suppliers, re route shipments and rely on safety stocks. Just another day.