Container Shipping Trends Flashcards

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1
Q

Who invented intermodal containers?

A

Invented by Malcolm McLean in New Jersey in 1956

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2
Q

Give 5 advantages of intermodal containers

A
  • Stack together
  • Universal across globe
  • Decreased labour costs
  • More secure
  • Savings by economies of scale
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3
Q

How many intermodal container are moved across oceans each year?

A

Increased from 200 million in 2000 to 600 million

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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
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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
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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
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7
Q

Where does shipbreaking occur?

A
  • Poorer EECs e.g. Bangladesh

- Less health and safety regulations

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