Half the container fleet runs like a bus network with regular sailings at set times.

ECONOMIST: Are container derivatives poised for bumper growth?

On August 5th Chile's CSAV, which runs the world's eighth-largest container fleet, became the first shipper to make a container-derivative trade (with Morgan Stanley).

ECONOMIST: Are container derivatives poised for bumper growth?

But the world's container fleet capacity is expected to grow by 9.5% this year alone, as Maersk and others receive the ships they ordered years ago.

BBC: How much bigger can container ships get?

The glut of new container ships is ending, he notes: the current order book is only 24% of the existing fleet, down from 60% in 2008.

ECONOMIST: Shipping