In the casino where ship owners are often said to be found throwing away their money are the slot machines otherwise known as containerships.
Money is poured into them but very little seems to come out until a jackpot brings the gamblers back for more. Anticipating another jackpot, even more money –in the form of orders for bigger and better machines – is fed in. In container shipping it’s all about slots and their costs, revenues and profits. You can share them, fill them, park them or scrap them. Sharing can make sense as long as the regulators say it’s OK. Filling them is tough when demand is wobbly.