Working in the industry this is only partially true. All liners have aggressively cut operational costs over the last years (esp. by scaling their operations, o

Working in the industry this is only partially true. All liners have aggressively cut operational costs over the last years (esp. by scaling their operations, ordering bigger ships, reducing sailing speeds). Still, the industry is by and large value destroying. So, while the prevalent strategies might have prevented worse, they certainly didn’t turn around the industry. Edit: It is even likely that the chase of lower operational cost played a major role in the current oversupply of capacity (thanks to a glut of mega sized ships)