The Business Times
SUBSCRIBERS

What would Chang have thought of this?

Much lower marine fuel prices are reducing big container ships' cost advantages. So are we on the verge of seeing another "(Ever)green revolution"?

Published Tue, Feb 16, 2016 · 09:50 PM

EVEN for those of us who have been in the shipping industry a while, 1968 seems a long time ago now - the halcyon days of the general cargo ship and the conventional liner companies. Though few realised it then, it was also the beginning of their swan song; the container revolution was about to transform shipping.

But in 1968 it was not at all clear that the box would sweep aside the derrick and sling for ever. A strong body of opinion held that palletisation was the way forward, and for a while it looked as though pallets and pallet- friendly ship designs would achieve hoped- for efficiency gains and solve the endemic pilferage problem.

There were some who saw that containers were the future but very few who understood how profoundly "the box" would change the way shipping works.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here