Maritime accidents are usually a long time in the build-up – a collision course set while vessels are hundreds of miles apart; a cargo buried deep in a hold smoldering for days – and then they happen very quickly indeed.

Could the same thing be about to happen to the entire container shipping market?

The current state of play is thus: the eastbound transpacific trade may be half the size of the intra-Asia in terms of volumes, but the far higher rate ...

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