EIN News says, "Shipping Rates Seen Falling 50% As China Cuts Imports And New Ships Enter Market. Just as global trade starts to recover, the shipping market is crashing for the second time in a year as China reduces raw-material imports and record numbers of new vessels set sail. (bloomberg.com)".
Ocean shipping is private enterprise. I suggest the government not meddle with it. If investors misjudged the continuity of the market, they need to suffer consequence of the risk they knew was present. On the positive side, the market will always ultimately correct itself. In this case, reduced shipping costs will encourage more transoceanic shipping, probably to the advantage of the public at large. With a surplus of oceangoing vessels, production of new vessels can be temporarily reduced to the advantage of saving assets. Some of the surplus vessels can also be converted to other operations. Have faith in market forces, not in government adjustments.
If government insists on doing something for transoceanic shipping, let it be wiping out the Somalia and other pirates. This would be consistent with Constitutional requirements.
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