A dose of collective amnesia

The flurry of activity at shipyards, as new orders come in for ever larger containerships, appears to have no end in sight.Combine this with the increasing size of terminal operators and the need for new mega ports to cater for the China (and Indian) cargoes and we see the results of the global shift to the theory of economies of scale. Beyond any shadow of a doubt the economics of higher output to meet increasing demand is one of the fundamental lessons.