Someone who knows the price of everything and the value of nothing was Oscar Wilde’s pithy definition of a cynic.

But in shipping, price is indeed everything. Acquisition cost of ships and the cost of finance are the benchmarks that determine success or failure, to the exclusion of almost any other metric. Or at least that has been the case until now.

Perhaps, however, society is approaching a time for value to be truly championed as playing a more fundamental role in business, rather than just a warm concept to be parroted.