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"?
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
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada