Remember that talk of a ‘new paradigm’ for container shipping during and after the Covid-19 pandemic lockdowns? When congestion was holding up ships in the East and West, driving freight rates to record highs as work-from-homers snapped up desks and garden furniture?
That seems a long time ago now, doesn’t it?
There is little evidence today to support the talk from both inside and outside the liner business about it moving away from its historic failure to earn a return on capital to a position of greater strength, control and stability.
