The possibility of Chinese property developer Evergrande defaulting on its debt shook global markets earlier this week, but shipping analysts have taken the news in stride.

The Shenzhen-based real-estate behemoth in recent weeks revealed that it was struggling with $300bn in debt, including an $83.5m interest payment due on Thursday.

Fears over Evergrande coming up short caused financial indices and equities worldwide, including those in shipping, to tumble by as much as 20% on Monday.