Container Shipping Trends Flashcards
1
Q
Who invented intermodal containers?
A
Invented by Malcolm McLean in New Jersey in 1956
2
Q
Give 5 advantages of intermodal containers
A
- Stack together
- Universal across globe
- Decreased labour costs
- More secure
- Savings by economies of scale
3
Q
How many intermodal container are moved across oceans each year?
A
Increased from 200 million in 2000 to 600 million
4
Q
Describe container vessel trends
A
- Fewer vessels but increased in size
- Longest ship is ‘OOCL Hong Kong’ (400m long, carries 21,000 containers)
- 1998 longest ship was 275m and carried 4000 containers
5
Q
Give 3 recent changes to container shipping trends
A
- Shipping industry in period of decline due to over capacity
- Ships operate under capacity, resulting in decline in economies e.g. Hanjn Shipping filed for bankruptcy in 2016
- TNCs shorten supply chains via reshoring due to geopolitical issues and piracy
6
Q
How has ship design changed as a result of global governance?
A
- UNCLOS made it illegal for oil tankers to wash out tanks with sea water to reduce pollution
- Single-hulled oil tankers phased out after sinking of ‘Prestige’ in 2002
7
Q
Where does shipbreaking occur?
A
- Poorer EECs e.g. Bangladesh
- Less health and safety regulations