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Future looks bleak for giant container ships

Long-term trends in global trade should really worry big boat owners

Benjamin Franklin at its berth at Long Beach, California in February this year. Global capacity will increase by 4.5 per cent this year, and by another 5.6 per cent in 2017 - almost entirely due to new mega-vessels like the Benjamin Franklin.

New York

IN December, the quarter-mile-long Benjamin Franklin became the largest cargo ship ever to dock at a US port. Five more mega-vessels were supposed to follow, creating a trans-Pacific shipping juggernaut by the end of May. But thanks to a massive miscalculation on the part of the...

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