This article is wrong on key points. 1. Larger ships are more efficient due to physics. There isn’t some conspiracy. [1] 2. Just a few years ago the shipping

This article is wrong on key points. 1. Larger ships are more efficient due to physics. There isn’t some conspiracy. [1] 2. Just a few years ago the shipping industry was struggling so much that there were calls to scrap ships. [2] The article implies that there’s some oligopoly with opulent profits, which is wrong. [1] Large cargo ships actually broke some von karman efficiency records. [2] https://www.economist.com/business/2016/09/10/profits-overboard https://www.economist.com/business/2016/09/10/profits-overbo...