In 2007, the last year before the financial crisis, the container industry was at the end of a spectacular multiyear growth spurt. China was at the height of its dominance of manufacturing, container volumes were swelling worldwide, and the system was feeling the pressure of rapid growth in demand. Carriers increasingly complained about port congestion and its impact on productivity at the berth: They needed their ships worked and sent on their way as quickly as possible so they could fetch more Asian cargo for eager consumers.
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