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".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Geely, Foretellix partner to jump-start self driving car development
Ferrari posts underwhelming earnings amid flat deliveries
Tesla’s China-made EV sales fall 18% y/y in April
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%