What is containerization and how did the innovative use of containers transform the distribution of goods? “Containerisation is a method of distributing merchandise in a unitised form suitable for transportation by rail‚ road‚ air‚ canal and sea.” (Branch‚ 1996‚ p.194). The simple principle of the container has undoubtedly made the global economy grow‚ and brought the world closer together through ease of transportation (Wetherly & Otter‚ 2008‚ p.86-7). To be able to use one single sized unit
Premium Containerization Intermodal freight transport
and how did the innovative use of containers transform the distribution of goods? The containerization just has a short history until now‚ and it started from year 1951‚ but it is developing rapidly‚ it changed the global transportation system. Containerisation can be defined as a system of intermodal freight and cargo transport using standard ISO ( International Standardization Organization ) containers ( known as Shipping Containers or Isotainers) that can be loaded and sealed intact onto container
Premium Containerization Intermodal freight transport
| 2010 | | | [Containerisation] | A Study of Container Shipping By Kieran Alcock | Introduction “Containerization (or containerisation) is a system of intermodal freight transport using standard intermodal containers as prescribed by the International Organization for Standardization (ISO). These can be loaded and sealed intact onto container ships‚ railroad cars‚ planes‚ and trucks.” The shipping container is one of the most significant inventions of the twentieth century
Premium Containerization Intermodal freight transport Cargo
Answer all questions. Kindly note that answers for 10 marks questions should be approximately 400 words. Each question is followed by evaluation scheme. Marks Total Marks Q.No Questions 1 What is containerisation? Describe the advantages and disadvantages of containerization. Description of containerisation Advantages and disadvantages of containerization 2 5 5 10 What are the advantages and disadvantages of air freight as compared to sea freight? Describe Air Way Bill and its use. Comparison of
Premium Commercial item transport and distribution Cargo Containerization
- Financial flows Deregulation of financial markets (less rules and regulations in currency markets and foreign investment) led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic
Premium Investment Economics
An area that was hit particularly hard was the London Docklands in East London. The London Docklands were once part of the Port of London‚ the world’s largest port‚ but after deindustrialisation occurred the area was left a derelict wasteland. Containerisation in the late 1960s meant that the size of ships increased to accommodate the larger loads that they had to carry. As the Thames became more silted‚ the river was too narrow and shallow for ships of that size to be able to go that far downstream
Free London
Examine why time-space convergence occurs at different rates in various parts of the world. (15 marks) The basic concept of time-space convergence is when ‘the travel time required between places decreases and distance declines in significance’‚ and is used to examine the changing nature of spatial relationships. Time-space convergence occurs at different rates across the world‚ with some areas of the world having seen little in developments of technological links‚ or lacking available communications
Premium Time Universe Economics
Examine the factors which have given rise to globalisation Globalisation can be defined as the growing interdependence of world economies. Before you proceed with this essay you must take two key points into consideration; firstly‚ that globalisation is not an end result‚ but is a continuing process that is always growing and gathering momentum‚ and secondly‚ that globalisation leads to world economies becoming more dependent upon each other. Globalisation is not a new phenomenon‚ in fact it has
Premium International trade European Union United Kingdom
transportation storage. • There is no mixing of Halal goods with non-Halal goods in one pallet and load carrier. • There is a physical segregation of Halal cargo from non-Halal cargo through tertiary packaging (such as shroud‚ shrink wrap) or containerisation. Halal Compliant Terminal The organisation shall ensure that there is a physical segregation of Halal cargo from non-Halal cargo throughout the warehouse processes
Premium Logistics Transport Supply chain management
internationalization. Businesses themselves though are not the only drivers of globalisation. Consider factors such as: Picking up on two examples from the drivers above: Lower transport costs Costs of ocean shipping have come down‚ due to containerisation‚ bulk shipping‚ and other efficiencies This helps to bring prices in the country of manufacture closer to prices in the export market Digital communication The Internet has dramatically lowered the cost of transmitting and communicating information
Premium International trade Globalization