Containers

It seems odd to mention the word bankruptcy at a time when liners are enjoying their best returns in history.

However, the irrational exuberance on display today is very likely to come back and haunt many companies before the middle of the decade is out.

The extraordinary container charter fixtures filtering in this month are unprecedented in the near 70-year history of containerisation, and also a potential mill around many carriers’ necks for years to come.

Broking repo...