Competition and cooperation need to co-exist in liner shipping
Doing away with vessel-sharing alliances could shrink the field and blunt competition
FOR those of us who learnt our trade in the days of conventional cargo liners, the watershed between "then" and "now" was the arrival , in the 70s, of "the box": the container, Malcolm McLean's brainchild, soon sent all those graceful post-war Greyhounds of the Sea to the breakers.
Meanwhile, Richard Gibney devised an idiosyncratic measurement system, the twenty-foot equivalent unit or TEU, set to irritate those of a logical, metric disposition for years to come, but which has since become ubiquitous.
That was the "container revolution".
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Transport & Logistics
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