All big container ship companies having problems, i.e. Hapag Lllyod,,which virtually was bankrupt (also when that was most probably more management incompetence then the market) The teal problem was more or less that a lot of them just ordered ships to have the building contracts and resold them partial
before the construction started. There is an old saying in maritime busienss,,
"money is made through shipping not with shipping" That applied to the frenzy
leading up to the crash to the extrem. Ships were not ordered to operate them, but to resell them asap and/or collecting already the percentage from the own financing houses from the investors. 5 ships by each30 millon and of that sume a 5% cut for handling itis much easier money then to running the show later.
The real problem is,,that those big companies, some of them bad managed, are a real threat to well managed companies and lesser known ones. Those companies have to compete with subsidiesed companies like HALO. HALO for example bankrupt and the whole shipping industrie would recover almost overnnight.
It,s a pity that the german government always bails them out again.