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AssessmentsMar 27, 2017 | 09:30 GMT
A loaded cargo ship heads out to sea from New York Harbor. Over the past decade, the world's available shipping capacity has grown faster than global trade has.
Why the Global Shipping Industry Will Be Tough to Salvage
The political order that defines the world is changing, and with it, the global shipping industry. The advent of container shipping in the mid-1950s propelled the age of globalization forward as the world's biggest economies forged new and closer trade links with one another. International trade is now undergoing another massive overhaul as the rise of Western isolationism, the restructuring of China's economy, the weakening of European growth and the Fourth Industrial Revolution alter how goods and services flow between countries in the coming decades.
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