Results for category "Freight Container"

5 Articles

Details of Shipping Container Lease Agreements

Why do shipping lines lease containers?

The leading container shipping lines have their global network of services connecting the major trade routes. They have sizeable fleet of containers of their own to meet their global business requirements. Nevertheless it is neither operationally acceptable nor cost effective to maintain 100 per cent own containers to do business by the shipping lines. In order to ensure flexibility and quickest access to container units in the desired location at the right time as per demand, many Shipping lines prefer to keep a blend of owned and leased container available to them.

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Other Uncommon types and sizes of container & its uses in trade (Part-2)

There are variety of different types and standardized sizes of containers in the trade to suit customer’s requirement but ninety percent of the global container fleet is composed of “dry freight” or “General purpose” containers. The majority of this ninety percent of the global fleet are combination of 20 foot (6m) and 40 foot (12m) standard length. The 20-foot container, referred to as a Twenty-foot Equivalent Unit (TEU) became the industry standard. The 40-foot length container became known as the Forty-foot Equivalent Unit (FEU) and is the most frequently used container today. Although 20 foot & 40 foot container are widely used in the trade, the United States and Canada also use longer units of 45 ft (13.7 m), 48 ft (14.6 m) and 53 ft (16.15 m) to meet their special cargo requirement.

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Container Types and Use of the Equipments in the Trade (Part-1)

The invention of Container during second half of twentieth century is a great achievement. The creative use of container through the process of containerization brought unprecedented growth in the field of international trade and technology. The International Organization for Standardization (ISO) made the journey of containerization easier by removing the initial challenges / bottlenecks through fixing the global standard for all the containers successfully.

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Containerization

Containerization & Shipping Containers

There is a sharp distinction between the term “Container” and “Containerization” which needs to be explained for clear-cut understanding. The term a container or an intermodal container means a large standardized shipping container or metal box into which cargoes are packed systematically for shipment abroad. The container is designed and built as a loading unit which is suitable for use under different modes of transport – from ship to rail to truck & burges – without unloading and reloading the cargo. Intermodal containers are basically used to transport products efficiently and securely in the global containerized intermodal freight transport system. These containers are described in different names in the trade, such as container, freight container, ISO container, shipping or ocean container, container van or box etc.

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History of Containerization

Overview of History of Containerization

The conventional break-bulk system dominated the international trade even after the Second World War. But the invention of container and its gradual usage by the commercial shipping operators changed the scenario of world maritime transportation. The shifting of mode of transportation from break-bulk to containerization during early 1950s was the epoch-making event in the history of global trade. The era of ‘Containerization’ started from that time.

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