World's shipping firms are going super-sized

The hulking container ships that transport sneakers, bananas and barbie dolls around the world keep getting bigger. So are the companies that own them.

  A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis — the bankruptcy of South Korea’s Hanjin Shipping.   Asia’s largest container line, China’s Cosco Shipping Holdings, last month said.

This article is no longer available in our repository.

There could be multiple reasons for this.