On the crest of a wave?
Things have been so good in the bulk-shipping market that it is hard to believe they can stay that way
BY THE pool, overlooking the wine-dark waters of the Aegean, the champagne flowed as the cream of the world's shipping industry gathered to watch the fireworks at one of many lavish parties thrown during Posidonia, a recent trade show. Thanks to the greatest boom the industry has seen since the closure of the Suez Canal in 1967, the mood was buoyant. But strong winds blew ash from the fireworks on to the guests, driving the many women in low-cut dresses to shelter under the jackets of obliging males.
This article appeared in the Business section of the print edition under the headline “On the crest of a wave?”
From the July 24th 2004 edition
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