“The development of containerised trade has enabled true globalisation of the world economy. The introduction of US capital markets changed forever the shipping industry’s character.”

John Coustas, chairman and chief executive Danaos

“Ever-present shipyard capacity, over-exuberant shipowners, ever-indulgent bankers, and a growing world economy have been the potent mix to create freight market disasters.”

Khalid Hashim, managing director Precious Shipping

“China.