Edited by Gordon Wilmsmeier and Jason Monios
This chapter analyses the evolution of the container shipping sector and considers whether the market can now be considered mature, and, if so, what comes next, drawing on traditional theoretical concepts relating to market cycles and economies of scale. The life cycle theory is applied to the container shipping sector, demonstrating that the sector is at the stage of maturity; but whether it will decline or be reinvigorated is open to question. Finally, the chapter considers whether the current challenges to the sector will lead to a new phase or to a decline.
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