The container-shipping industry has fared better because it is less fragmented.
The shipping-container mall, with bank branches, fashion shops and a two-story cafe, has become a vibrant though temporary new city heart amid the rubble and din of heavy machinery demolishing condemned buildings.
In this past half-century that shipping container has reduced the costs of trade enormously: so whatever had happened to tariffs we would have expected trade barriers to fall and trade itself to rise.
FORBES: Tariffs and Trade: The Tariff Level Isn't the Most Important Thing
Credit Suisse estimates that 35% of China COSCO's revenue and 32% of China Shipping Container Lines' comes from the Asia-Europe route, while earnings from European trade for the country's port operators varies between 7.3% to 34.1%.
In the past, says Drewry Shipping Consultants, the container trade has increased by between two-and-a-half and three times the rate of GDP growth.
In the summer, free movies are projected onto one of the silos on Friday nights and a bar in a converted shipping container serves up Kiwi craft beer from microbreweries including Auckland-based Hallertau and Stoke Beer from the South Island city of Nelson.
Container-leasing firm COSCO Pacific, controlled by one of China's top shipping companies, merits a look, says the European brokerage analyst.
And with advances in big data, he sees that as a possibility - he compares the management of big data combined with machine learning with the shipping container revolution in transportation.
This puts the Copenhagen-based shipping company on track to post its first annual ever loss in 2009 after container freight rates and volumes dropped in the global downturn.
Mine went from shipping container to functional machine in under four minutes, including fitting a loaded battery for eight-plus hours of work, initial registration, and access to an online word processing site.
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