News / Australian start-up Focus the latest casualty of box trade 'normalisation'

The San Giorgio. Photo: Alfred Tsai

Just three months after its launch, Australian start-up Focus Container Line has entered administration as the post-pandemic boom in containerised shipping continues to reverse.

Focus’s service connected China’s second-busiest container port, Ningbo, with Australia and New Zealand but has become the latest victim of plunging cargo volumes and freight rates, leaving containers in limbo.

Brendon McQueen was Focus’s largest shareholder, with an 80% stake, while Australian forwarder Dynamic Shipping and Gregory Lawson each held 10%.

A notice filed with the Australian Securities and ...