China COSCO Shipping Corporation Limited (branded as COSCO Shipping ) is a Chinese state-owned multinational marine transportation service conglomerate , headquartered in Shanghai . It was established in January 2016 by the merger between China Ocean Shipping Company and China Shipping Group Company .
97-935: Orient Overseas Container Line , commonly known as OOCL , is a container shipping and logistics service company with headquarters in Hong Kong . The company is incorporated in Hong Kong as Orient Overseas Container Line Limited and separately incorporated as Orient Overseas Container Line Inc. in Liberia . The latter was also re-domiciled to the Marshall Islands . OOCL is a large integrated international container transportation , logistics and terminal company with offices in 70 countries. OOCL has 59 vessels of different classes, with capacity varying from 2,992 twenty-foot equivalent units (TEU) to 21,413 TEU , including two ice-class vessels for extreme weather conditions. OOCL
194-639: A U.S. patent in 1938 on their method of securing trailers to a flatcars using chains and turnbuckles. Other components included wheel chocks and ramps for loading and unloading the trailers from the flatcars. By 1953, the Chicago, Burlington and Quincy , the Chicago and Eastern Illinois , and the Southern Pacific railroads had joined the innovation. Most of the rail cars used were surplus flatcars equipped with new decks. By 1955, an additional 25 railroads had begun some form of piggyback trailer service. During WWII,
291-552: A capacity of 30,000 pounds (14,000 kg) in 890 cubic feet (25 m ), and a second measured 20 ft 0 in (6.10 m) by 8 ft 0 in (2.44 m) by 8 ft 0 in (2.44 m), with a capacity of 50,000 pounds (23,000 kg) in 1,000 cubic feet (28 m ). In November 1932, in Enola, PA , the first container terminal in the world was opened by the Pennsylvania Railroad . The Fitch hooking system
388-475: A capacity of 5,500 kg (12,100 lb), and up to 3.1 by 2.3 by 2 metres (10 ft 2 in × 7 ft 6 + 1 ⁄ 2 in × 6 ft 6 + 3 ⁄ 4 in) size. This became the first post World War II European railway standard UIC 590, known as "pa-Behälter." It was implemented in the Netherlands, Belgium, Luxembourg, West Germany, Switzerland, Sweden and Denmark. With
485-447: A dedicated double-stack container train service between Los Angeles and Chicago, transport volumes increased rapidly. Containerization greatly reduced the expense of international trade and increased its speed, especially of consumer goods and commodities. It also dramatically changed the character of port cities worldwide. Prior to highly mechanized container transfers, crews of 20 to 22 longshoremen would pack individual cargoes into
582-514: A far cry from today's post-Panamax vessels. In April 2003, OOCL took delivery of the SX-Class OOCL Shenzhen , then the largest containership ever built at 8,063 TEU. In 2006, it lost its title to the Emma Mærsk . At its peak, OOCL had a fleet of over 150 freight ships, with a cargo capacity exceeding 10 million tons; it was one of the world's top seven shipping lines. At one stage it owned
679-598: A leased share of the global ocean container fleet reaching 54% by 2020. In 2021, the average time to unload a container in Asia was 27 seconds, the average time in Northern Europe was 46 seconds, and the average time in North America was 76 seconds. There are five common standard lengths: US domestic standard containers are generally 48 ft (14.63 m) and 53 ft (16.15 m) (rail and truck). Container capacity
776-475: A lengthy and complex series of compromises among international shipping companies, European railroads, US railroads, and US trucking companies. Everyone had to sacrifice something. For example, to McLean's frustration, Sea-Land's 35-foot container was not adopted as one of the standard container sizes. In the end, four important ISO ( International Organization for Standardization ) recommendations standardized containerization globally: Based on these standards,
873-443: A popular way to ship private cars and other vehicles overseas using 20- or 40-foot containers. Unlike roll-on/roll-off vehicle shipping, personal effects can be loaded into the container with the vehicle, allowing easy international relocation. In July, 2020, The Digital Container Shipping Association (DCSA), a non-profit group established to further digitalisation of container shipping technology standards, published standards for
970-504: A private company formerly known as Cosco (Hong Kong) Group Limited. This acquired listed company COSCO Shipping International (at that time, Shun Shing Holdings) as a vehicle of backdoor listing in 1997 and bought the real estate businesses, such as Shun Shing Construction and an office building, from COSCO Shipping International in the 2000s. Cosco (HK) Group itself also purchased a 20% stake in Lai Sun Hotels in 1997. However, after
1067-533: A refitted tanker ship, the SS ; Ideal X , and sailed them from Newark, New Jersey to Houston, Texas . Independently of the events in Canada, McLean had the idea of using large containers that never opened in transit and that were transferable on an intermodal basis, among trucks, ships, and railroad cars. McLean had initially favored the construction of "trailerships"—taking trailers from large trucks and stowing them in
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#17330846108131164-432: A ship's cargo hold. This method of stowage, referred to as roll-on/roll-off , was not adopted because of the large waste in potential cargo space on board the vessel, known as broken stowage . Instead, McLean modified his original concept into loading just the containers, not the chassis, onto the ship; hence the designation "container ship" or "box" ship. (See also pantechnicon van and trolley and lift van .) During
1261-528: A smaller, half-size unit of 6 ft 3 in (1.91 m) long, 4 ft 3 in (1.30 m) wide and 6 ft 10 + 1 ⁄ 2 in (2.10 m) high. CONEXes could be stacked three high, and protected their contents from the elements. The first major shipment of CONEXes, containing engineering supplies and spare parts, was made by rail from the Columbus General Depot in Georgia to
1358-483: A stationary vessel. The incident caused serious damage to the dockside gantry crane, damaging 30 to 50 containers. One dock worker sustained minor injuries, and two engineers were temporarily trapped inside the crane. Containerization Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers , or ISO containers ). Containerization, also referred as container stuffing or container loading ,
1455-400: A total of 30 onshore agency companies from China Shipping Container Lines ("CSCL") and its subsidiary. China COSCO would also enter into a lease agreement with CSCL, under which it would lease the vessels and containers owned or operated by the latter. After the transaction and agreement, China COSCO would acquire the container services-related assets previously owned by CSCL, and become one of
1552-402: A vehicle from the factory and taken to a port warehouse where they would be offloaded and stored awaiting the next vessel. When the vessel arrived, they would be moved to the side of the ship along with other cargo to be lowered or carried into the hold and packed by dock workers. The ship might call at several other ports before off-loading a given consignment of cargo. Each port visit would delay
1649-619: Is a member of the Grand Alliance formed in 1998. Its founder members are Hapag-Lloyd ( Germany ), NYK ( Japan ) and OOCL (Hong Kong). OOCL was founded by C. Y. Tung in 1947 as the Orient Overseas Line. In 1969, OOCL was the first Asian -based shipping line to transport containerized cargo across the Pacific. Consequently, the company was renamed Orient Overseas Container Line. In those days its Victory-class vessels could carry 300 TEU,
1746-438: Is an important benefit of containerization. Once the cargo is loaded into a container, it is not touched again until it reaches its destination. The cargo is not visible to casual viewers, and thus is less likely to be stolen. Container doors are usually sealed so that tampering is more evident. Some containers are fitted with electronic monitoring devices and can be remotely monitored for changes in air pressure, which happens when
1843-538: Is awarded annually to the children of employees in all OOCL offices. OOCL also participates in many other types of community support. One of the major and on-going projects is Project HOPE (Health Opportunities for People Everywhere). OOCL is assisting with the transportation of the latest diagnostic medical equipment and supplies from the United States (donated by global corporations) to Shanghai Children's Hospital , China. OOCL sponsors many musicals and shows visiting
1940-500: Is listed separately), and only 34,299,572 in the United States. In 2005, some 18 million containers made over 200 million trips per year. Some ships can carry over 14,500 twenty-foot equivalent units (TEU), such as the Emma Mærsk , 396 m (1,299 ft) long, launched in August 2006. It has been predicted that, at some point, container ships will be constrained in size only by
2037-495: Is mechanized so that all handling is done with cranes and special forklift trucks. All containers are numbered and tracked using computerized systems. Containerization originated several centuries ago but was not well developed or widely applied until after World War II , when it dramatically reduced the costs of transport, supported the post-war boom in international trade , and was a major element in globalization . Containerization eliminated manual sorting of most shipments and
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#17330846108132134-542: Is often expressed in twenty-foot equivalent units (TEU, or sometimes teu ). An equivalent unit is a measure of containerized cargo capacity equal to one standard 20 ft (6.10 m) (length) × 8 ft (2.44 m) (width) container. As this is an approximate measure, the height of the box is not considered. For instance, the 9 ft 6 in (2.90 m) high cube and the 4 ft 3 in (1.30 m) half height 20 ft (6.10 m) containers are also called one TEU. 48' containers have been phased out over
2231-511: Is the process of unitization of cargoes in exports. Containerization is the predominant form of unitization of export cargoes today, as opposed to other systems such as the barge system or palletization. The containers have standardized dimensions. They can be loaded and unloaded, stacked, transported efficiently over long distances, and transferred from one mode of transport to another— container ships , rail transport flatcars , and semi-trailer trucks —without being opened. The handling system
2328-459: The Seawise Giant , the largest ship ever built, having bought it from the shipyard when the previous owners refused delivery. After C. Y. Tung's death in 1982, C. H. Tung , assumed the leadership of Orient Overseas (International) Limited (OOIL), OOCL's parent company for 14 years. The company declared bankruptcy in the mid-1980s and the mainland-based Bank of China provided $ 50 million of
2425-582: The 1997 Asian financial crisis , Lai Sun Development , the parent company of Lai Sun Hotels, scrapped the IPO of Lai Sun Hotels and sold all the assets of Lai Sun Hotels instead. In 2023 the Bulgarian agent of COSCO Shipping lines, Three Stars Ltd, was accused in the local media of racketeering and violating antitrust laws. The company was a shareholder in the Chinese real estate developer, Sino-Ocean Group . The stake
2522-648: The Asia-Pacific region, including Cats , Phantom of the Opera , We Will Rock You , Swan Lake on Ice, Musical Moments and Chitty Chitty Bang Bang . OOCL participates in The Customs-Trade Partnership Against Terrorism program ( C-TPAT ), which is a voluntary government-business initiative to build cooperative relationships that strengthen and improve overall international supply chain and U.S. border security. OOCL also complies with
2619-642: The Athens Stock Exchange ( Athex : PPA ) and is a constituent of the FTSE/Athex Large Cap index. Its subsidiary Piraeus Container Terminal ( PCT ) has been operating two Piers at Piraeus Port since 2009. In January 2017, the company was awarded $ 26.1 billion by the China Development Bank to participate in the Belt and Road Initiative . The funding would run through 2021. COSCO has used
2716-546: The Australian Army used containers to more easily deal with various breaks of gauge in the railroads. These non-stackable containers were about the size of the later 20-foot ISO container and perhaps made mainly of wood. During the same time, the United States Army started to combine items of uniform size, lashing them onto a pallet, unitizing cargo to speed the loading and unloading of transport ships. In 1947
2813-520: The Chinese State Council approved the merger of COSCO and China Shipping, forming COSCO Shipping. The merger – which occurred during a downturn in the marine transportation industry – sought to achieve economies of scale . The merger was also part of a Chinese government strategy to restructure its state-owned shipping sector. Shortly after, the subsidiary COSCO Shipping Holdings partnered with Shanghai International Port Group to acquire
2910-477: The International Ship and Port Facility Security Code (ISPS Code). The ISPS Code states that, as threat increases, the only logical counteraction is to reduce vulnerability. Subsequently, ships will be subject to a system of survey, verification, certification, and control to ensure that their security measures are implemented. This system will be based on a considerably expanded control system as stipulated in
3007-560: The Little Eaton Gangway , upon which coal was carried in wagons built at his Butterley Ironwork. The horse-drawn wheeled wagons on the gangway took the form of containers, which, loaded with coal, could be transshipped from canal barges on the Derby Canal , which Outram had also promoted. By the 1830s, railroads were carrying containers that could be transferred to other modes of transport. The Liverpool and Manchester Railway in
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3104-534: The New Zealand Shipping Company that were renamed Oriental Rio, Oriental Carnival and Oriental Esmeralda to operate round the world services. The service ceased in 1976. In September 1970, Tung purchased the ocean liner RMS Queen Elizabeth to convert it into a floating university, to be known as Seawise University , as part of the World Campus Afloat programme. On 9 January 1972,
3201-716: The Port of San Francisco , then by ship to Yokohama, Japan, and then to Korea, in late 1952. Transit times were almost halved. By the time of the Vietnam War the majority of supplies and materials were shipped by CONEX. By 1965 the U.S. military used some 100,000 Conex boxes, and more than 200,000 in 1967. making this the first worldwide application of intermodal containers. After the US Department of Defense standardized an 8-by-8-foot (2.44 by 2.44 m) cross section container in multiples of 10-foot (3.05 m) lengths for military use, it
3298-574: The Shanghai Stock Exchange . China COSCO recorded a loss for financial years 2011 and 2012 and could face a delisting from the Shanghai Stock Exchange if it made a loss for the third consecutive year. On 27 March 2013, China COSCO recorded a profit of RMB 235.47 million for the 2013 financial year and avoided the possible delisting. In December 2015, COSCO Group underwent a major reorganisation with China Shipping Group to form
3395-517: The Transportation Corps developed the Transporter , a rigid, corrugated steel container with a 9,000 lb (4,100 kg) carrying capacity, for shipping household goods of officers in the field. It was 8 ft 6 in (2.59 m) long, 6 ft 3 in (1.91 m), and 6 ft 10 in (2.08 m) high, with double doors on one end, mounted on skids, and had lifting rings on
3492-819: The White Pass and Yukon Corporation . Her first trip carried 600 containers between North Vancouver, British Columbia, and Skagway, Alaska, on November 26, 1955. In Skagway, the containers were unloaded to purpose-built railroad cars for transport north to Yukon, in the first intermodal service using trucks, ships, and railroad cars. Southbound containers were loaded by shippers in Yukon and moved by rail, ship, and truck to their consignees without opening. This first intermodal system operated from November 1955 until 1982. The first truly successful container shipping company dates to April 26, 1956, when American trucking entrepreneur McLean put 58 trailer vans later called containers, aboard
3589-541: The container ship OOCL Finland was involved in a collision in dense fog with the Russian cargo ship Tyumen-2 on the Kiel Canal near Fischerhuette, Germany . Two members of the bridge team of Tyumen-2 were killed and three were injured as a result of the collision, which damaged both vessels. On 3 June 2021, a tower crane collapsed at Kaohsiung port, Taiwan, as a result of the container ship OOCL Durban colliding with
3686-586: The $ 120 million put together by Henry Fok Another big contributor to the OOCL bailout was China Merchants , a Hong Kong arm of China's transport ministry. In 1996, C. C. Tung took over at the helm on his brother C. H. Tung's election as Chief Executive of the Hong Kong Special Administrative Region . OOCL briefly operated passenger ships acquiring the Ruahine , Rangitoto and Rangitane from
3783-536: The 1960s, ICC approval was required before any shipper could carry different items in the same vehicle or change rates. The fully integrated systems in the US today became possible only after the ICC's regulatory oversight was cut back (and abolished in 1995). Trucking and rail were deregulated in the 1970s and maritime rates were deregulated in 1984. Double-stacked rail transport , where containers are stacked two high on railway cars,
3880-719: The 1974 Convention for Safety of Life at Sea (SOLAS). The company also complies with the Container Security Initiative (CSI) and the US Customs 24-Hour Advance Cargo Manifest Declaration Rule. OOCL Logistics Ltd. (OLL), the OOIL Group's international freight consolidation and logistics service unit, began in 1979. Services extend from basic freight consolidation services to the management and operation of more comprehensive programs involving multi-modal transportation, warehousing and distribution activities. On 14 April 2011,
3977-645: The Alexander Shipping Company. In 2015, OOCL ordered six of the largest container ships, holding up to 20,150 TEU each. The first of these, the OOCL Hong Kong , was christened on 12 May 2017. The ship became the world's first container ship to exceed 21,000 TEU mark and achieved a Guinness World Record. In July 2017, the parent company, OOIL, received a US$ 6.3 billion take over bid from its Chinese rival, COSCO Shipping . The bid has been accepted subject to shareholder and regulatory approval. The takeover
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4074-646: The American and then the international standard for corner fittings for shipping containers. This began international standardization of shipping containers. The first vessels purpose-built to carry containers had begun operation in 1926 for the regular connection of the luxury passenger train between London and Paris, the Golden Arrow / Fleche d'Or . Four containers were used for the conveyance of passengers' baggage. These containers were loaded in London or Paris and carried to
4171-892: The ISM-Code, ISO9001.2000 and ISO14001 requirements) In 1992, five years in advance of the Montreal Protocol , an international treaty designed to protect the Earth's ozone layer , OOCL changed the design of its refrigerated container machinery in order to eliminate the use of CFCs . OOCL maintained a 100 percent compliance with the Port of Long Beach Green Flag program in 2006 and 2007. OOCL donated its rebates, totaling US$ 140,000, back to community projects and charities in Long Beach. From 1 January 2006, OOCL stopped using pre-1989 trucks for all port moves between Southern Californian terminals and off-dock rail ramps, helping to reduce emissions as part of
4268-706: The International Chamber of Commerce in Paris in Venice on September 30, 1931, on one of the platforms of the Maritime Station (Mole di Ponente), practical tests assessed the best construction for European containers as part of an international competition. In 1931, in the U.S., B. F. Fitch designed the two largest and heaviest containers in existence. One measured 17 ft 6 in (5.33 m) by 8 ft 0 in (2.44 m) by 8 ft 0 in (2.44 m) with
4365-582: The Port's "Clean Truck Program" It also complies with the Qualship 21 program, which identifies quality operation of non-US-flagged vessels. OOCL has had a fuel saving program in place since 2001, to cut down on greenhouse gases . Initiatives to minimize fuel consumption include: OOCL conducted a Shore Power Study (in 2003) and a Sea Water Scrubber Study (in 2005) in order to identify different ways to reduce emissions, both in port and at sea. The "Tung OOCL Scholarship"
4462-487: The Southern US than other areas, but he did not anticipate that containerization might make it cheaper to import such goods from abroad. Most economic studies of containerization merely assumed that shipping companies would begin to replace older forms of transportation with containerization, but did not predict that the process of containerization itself would have a more direct influence on the choice of producers and increase
4559-794: The U.S., the Chicago North Shore and Milwaukee Railway carried motor carrier vehicles and shippers' vehicles loaded on flatcars between Milwaukee, Wisconsin, and Chicago, Illinois. Beginning in 1929, Seatrain Lines carried railroad boxcars on its sea vessels to transport goods between New York and Cuba. In the mid-1930s, the Chicago Great Western Railway and then the New Haven Railroad began " piggyback " service (transporting highway freight trailers on flatcars) limited to their own railroads. The Chicago Great Western Railway filed
4656-815: The UK and "CIWL Pullman Golden Arrow Fourgon of CIWL" in France. At the Second World Motor Transport Congress in Rome, September 1928, Italian senator Silvio Crespi proposed the use of containers for road and railway transport systems, using collaboration rather than competition. This would be done under the auspices of an international organ similar to the Sleeping Car Company, which provided international carriage of passengers in sleeping wagons. In 1928 Pennsylvania Railroad (PRR) started regular container service in
4753-483: The UK was one of these, making use of "simple rectangular timber boxes" to convey coal from Lancashire collieries to Liverpool, where a crane transferred them to horse-drawn carriages. Originally used for moving coal on and off barges, "loose boxes" were used to containerize coal from the late 1780s, at places like the Bridgewater Canal . By the 1840s, iron boxes were in use as well as wooden ones. The early 1900s saw
4850-420: The UK, the Port of London and Port of Liverpool declined in importance. Meanwhile, Britain's Port of Felixstowe and Port of Rotterdam in the Netherlands emerged as major ports. In general, containerization caused inland ports on waterways incapable of receiving deep- draft ship traffic to decline in favor of seaports , which then built vast container terminals next to deep oceanfront harbors in lieu of
4947-566: The adoption of closed container boxes designed for movement between road and rail. On 17 May 1917, Louisville, Kentucky native Benjamin Franklin "B. F." Fitch (1877–1956) launched commercial use of "demountable bodies" in Cincinnati, Ohio , which he had designed as transferable containers. In 1919, his system was extended to over 200 containers serving 21 railway stations with 14 freight trucks. In 1919, Stanisław Rodowicz, an engineer , developed
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#17330846108135044-450: The aforementioned companies were not sanctioned. The US lifted the sanctions against COSCO Shipping in January 2020. In July 2020, the company entered into an agreement with Alibaba and its affiliate Ant Group, to jointly promote the cooperation on and application of shipping blockchain. COSCO Shipping and its predecessor COSCO, has a Hong Kong division, COSCO Shipping (Hong Kong) Limited,
5141-496: The aim of selecting the best solution for Western Europe. Present were representatives from France, Belgium, the Netherlands, Germany, Switzerland, Sweden, Great Britain, Italy and the United States. The system chosen for Western Europe was based on the Netherlands' system for consumer goods and waste transportation called Laadkisten (literally, "loading bins"), in use since 1934. This system used roller containers that were moved by rail, truck and ship, in various configurations up to
5238-517: The company invested $ 660 million to upgrade the Piraeus container port , Greece's largest port. On May 11, 2020, COSCO Shipping Ports , Dongfeng Commercial Vehicle , and China Mobile successfully transported a shipping container within Xiamen Ocean Gate Terminal using an AGV guided by 5G . The achievement demonstrated an application of 5G technology in developing a "smart port". At
5335-524: The container revolution. On January 29, 1963, McLean's company SeaLand released its patent rights, so that Tantlinger's inventions could become "the basis for a standard corner fitting and twist lock". Tantlinger was deeply involved in the debates and negotiations which in back-to-back votes in September 1965 (on September 16 and 24, respectively) led to the adoption of a modified version of the Sea-Land design as
5432-661: The delivery of other cargo. Delivered cargo might then have been offloaded into another warehouse before being picked up and delivered to its destination. Multiple handling and delays made transport costly, time-consuming and unreliable. Containerization has its origins in early coal mining regions in England beginning in the late 18th century. In 1766 James Brindley designed the box boat 'Starvationer' with ten wooden containers, to transport coal from Worsley Delph (quarry) to Manchester by Bridgewater Canal . In 1795, Benjamin Outram opened
5529-745: The depth of the Straits of Malacca , one of the world's busiest shipping lanes, linking the Indian Ocean to the Pacific Ocean. This so-called Malaccamax size constrains a ship to dimensions of 470 m (1,542 ft) in length and 60 m (197 ft) wide. Few foresaw the extent of the influence of containerization on the shipping industry . In the 1950s, Harvard University economist Benjamin Chinitz predicted that containerization would benefit New York by allowing it to ship its industrial goods more cheaply to
5626-512: The digital exchange of operational vessel schedules (OVS). Contrary to ocean shipping containers owned by the shippers, a persisting trend in the industry is for (new) units to be purchased by leasing companies. Leasing business accounted for 55% of new container purchases in 2017, with their box fleet growing at 6.7%, compared to units of transport operators growing by just 2.4% more TEU, said global shipping consultancy Drewry in their 'Container Census & Leasing and Equipment Insight', leading to
5723-433: The dockfront warehouses and finger piers that had formerly handled break bulk cargo. With intermodal containers, the jobs of packing, unpacking, and sorting cargoes could be performed far from the point of embarkation. Such work shifted to so-called " dry ports " and gigantic warehouses in rural inland towns, where land and labor were much cheaper than in oceanfront cities. This fundamental transformation of where warehouse work
5820-787: The doors are opened. This reduced thefts that had long plagued the shipping industry. Recent developments have focused on the use of intelligent logistics optimization to further enhance security. The use of the same basic sizes of containers across the globe has lessened the problems caused by incompatible rail gauge sizes. The majority of the rail networks in the world operate on a 1,435 mm ( 4 ft 8 + 1 ⁄ 2 in ) gauge track known as standard gauge , but some countries (such as Russia, India, Finland, and Lithuania) use broader gauges , while others in Africa and South America use narrower gauges . The use of container trains in all these countries makes transshipment between trains of different gauges easier. Containers have become
5917-434: The establishment of the scholarship more than 2,500 undergraduate and post-graduate students have been awarded scholarships with more than US$ 2.3 million in funding. Every year, a selection panel is set up in each university to shortlist potential candidates, based on academic results and performance, plus active participation in extracurricular activities. Based on the same selection criteria, the Employees' Children Scholarship
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#17330846108136014-409: The event, the three companies announced a roadmap for large-scale implementation of 5G technology in ports. On September 25, 2019, the US Treasury Department sanctioned the tanker subsidiary of COSCO Shipping, COSCO Shipping Tanker (Dalian) Seaman & Ship Management, as well as COSCO Shipping Tanker (Dalian), for breaching the United States sanctions against Iran . However, the parent company of
6111-402: The finances to invest in its ports and infrastructure projects. In May 2017, the company signed a deal with Kazakhstan's national railway company to take 24% stake in an inland port in the Khorgos Eastern Gate Special Economic Zone. In December 2018, COSCO Shipping Ports secured a 35-year concession to operate and develop a newly built container terminal in Khalifa Port . In November 2019,
6208-441: The first TEU container ship was the Japanese Hakone Maru [ de ; jp ] from shipowner NYK, which started sailing in 1968 and could carry 752 TEU containers. In the US, containerization and other advances in shipping were impeded by the Interstate Commerce Commission (ICC), which was created in 1887 to keep railroads from using monopolist pricing and rate discrimination, but fell victim to regulatory capture . By
6305-425: The first 20 years of containerization, many container sizes and corner fittings were used. There were dozens of incompatible container systems in the US alone. Among the biggest operators, the Matson Navigation Company had a fleet of 24-foot (7.32 m) containers, while Sea-Land Service, Inc used 35-foot (10.67 m) containers. The standard sizes and fitting and reinforcement norms that now exist evolved out of
6402-430: The first draft of the container system in Poland . In 1920, he built a prototype of the biaxial wagon. The Polish-Bolshevik War stopped development of the container system in Poland. The U.S. Post Office contracted with the New York Central Railroad to move mail via containers in May 1921. In 1930, the Chicago & Northwestern Railroad began shipping containers between Chicago and Milwaukee. Their efforts ended in
6499-441: The group adopted the Integrated Regional Information System (IRIS-2), specifically designed for the container shipping industry. IRIS-2 integrates the business processes of all OOCL offices, customers' shipments and financial information into one system. OOCL was a finalist for the Smithsonian Institution Award for Innovation in 1999 for its achievements with IRIS-2. The program is written in GemStone /S Smalltalk , making it one of
6596-407: The hold of a ship. After containerization, large crews of longshoremen were not necessary at port facilities, and the profession changed drastically. Meanwhile, the port facilities needed to support containerization changed. One effect was the decline of some ports and the rise of others. At the Port of San Francisco , the former piers used for loading and unloading were no longer required, but there
6693-424: The largest Smalltalk applications in the world. On 24 April 2018, OOCL announced an agreement with Microsoft Research Asia (MSRA) to investigate the potential of Artificial Intelligence to improve network operations and efficiencies for the shipping industry . OOCL was the first container shipping line to have achieved the Safety, Quality and Environmental (SQE) Management System certification (which consolidates
6790-464: The largest integrated shipping company in China and the second largest in the world. China COSCO Holdings provides a wide range of container shipping , dry bulk shipping, third party logistics , freight forwarding , Terminal and container leasing domestically and internationally. It is headquartered in Shanghai . On 30 June 2005, its H shares were listed on the Hong Kong Stock Exchange . On 26 June 2007, its A shares were listed on
6887-681: The last ten years in favor of 53' containers. The maximum gross mass for a 20 ft (6.10 m) dry cargo container was initially set at 24,000 kg (53,000 lb), and 30,480 kg (67,200 lb)for a 40 ft (12.19 m) container (including the 9 ft 6 in or 2.90 m high cube) . Allowing for the tare mass of the container, the maximum payload mass is therefore reduced to approximately 22,000 kg (49,000 lb) for 20 ft (6.10 m), and 27,000 kg (60,000 lb) for 40 ft (12.19 m) containers. COSCO Shipping China Ocean Shipping (Group) Company, founded in 1961 and headquartered in Beijing ,
6984-406: The majority stake of Orient Overseas (International) from Tung Chee-hwa - Chee-chen families. The deal was completed in August 2018. Orient Overseas (International) is the parent company of OOCL . This will make it one of the world's largest container shipping company with a fleet of over 400 vessels. In April 2016 the company agreed to buy 51% of Piraeus Port Authority , which is listed on
7081-589: The need for dock front warehouses, while displacing many thousands of dock workers who formerly simply handled break bulk cargo . Containerization reduced congestion in ports, significantly shortened shipping time, and reduced losses from damage and theft. Containers can be made from a wide range of materials such as steel, fibre-reinforced polymer, aluminum or a combination. Containers made from weathering steel are used to minimize maintenance needs . Before containerization, goods were usually handled manually as break bulk cargo . Typically, goods would be loaded onto
7178-485: The new China COSCO Shipping Corporation Limited . As part of the reorganization, China COSCO would sell 100% of equity interest in China COSCO Bulk Shipping (Group) Co., Ltd. to COSCO Group , representing the disposal of its dry bulk shipping business. After the reorganization, China COSCO would focus on the container shipping business. In addition, China COSCO would buy certain amount of equity interest of
7275-647: The northeast U.S. After the Wall Street Crash of 1929 in New York and the subsequent Great Depression, many countries were without any means to transport cargo. The railroads were sought as a possibility to transport cargo, and there was an opportunity to bring containers into broader use. In February 1931 the first container ship was launched. It was called the Autocarrier, owned by Southern Railway UK. It had 21 slots for containers of Southern Railway. Under auspices of
7372-565: The popularization of the larger ISO containers, support for pa containers was phased out by the railways. In the 1970s they began to be widely used for transporting waste. In 1952 the U.S. Army developed the Transporter into the CONtainer EXpress or CONEX box system. The size and capacity of the Conex were about the same as the Transporter, but the system was made modular , by the addition of
7469-595: The ports of Dover or Calais. In February 1931 the first container ship in the world was launched. It was called the Autocarrier, owned by Southern Railway UK. It had 21 slots for containers of Southern Railway. The next step was in Europe after WW II. Vessels purpose-built to carry containers were used between UK and Netherlands and also in Denmark in 1951. In the United States, ships began carrying containers in 1951, between Seattle , Washington and Alaska. None of these services
7566-627: The ship caught fire during refurbishing and sank in Hong Kong's Victoria Harbour and the wreckage had to be scrapped three years later. In 2003, OOCL lost one of its senior executives, Courtenay Allan, the company's Transatlantic Trade Director. Allan died after falling down a lift shaft on the OOCL Montreal in Le Havre . In recent years, OOCL has taken over a number of well-known shipping lines. These include Furness Withy , Houlder Brothers , Manchester Liners , Shaw Savill , PSNC , Prince Line &
7663-462: The shipping industry "was moving cargo, not sailing ships". He visualized and helped to bring about a world reoriented around that insight, which required not just standardization of the metal containers themselves, but drastic changes to every aspect of cargo handling. In 1955, McLean and Tantlinger's immediate challenge was to design a shipping container that could efficiently be loaded onto ships and would hold securely on sea voyages. The result
7760-528: The spring of 1931 when the Interstate Commerce Commission disallowed the use of a flat rate for the containers. In 1926, a regular connection of the luxury passenger train from London to Paris, Golden Arrow / Fleche d'Or , by Southern Railway and French Northern Railway , began. For transport of passengers' baggage four containers were used. These containers were loaded in London or Paris and carried to ports, Dover or Calais, on flat cars in
7857-569: The top four corners. During the Korean War the Transporter was evaluated for handling sensitive military equipment and, proving effective, was approved for broader use. Theft of material and damage to wooden crates convinced the army that steel containers were needed. In April 1951, at Zürich Tiefenbrunnen railway station , the Swiss Museum of Transport and Bureau International des Containers (BIC) held demonstrations of container systems, with
7954-423: The total volume of trade. The widespread use of ISO standard containers has driven modifications in other freight-moving standards, gradually forcing removable truck bodies or swap bodies into standard sizes and shapes (though without the strength needed to be stacked), and changing completely the worldwide use of freight pallets that fit into ISO containers or into commercial vehicles. Improved cargo security
8051-753: The world's biggest container ships, made its first call at the Port of Hamburg . OOCL offers around 78 weekly services around the world. Linking Asia , Europe , North America , the Mediterranean , the Indian sub-continent , the Middle East , Australia and New Zealand . OOCL affiliated companies own or operate dedicated container terminals in North America and Asia, namely: Long Beach Container Terminal in California and KAOCT in Kaohsiung , Taiwan . Beginning in 1993,
8148-477: Was 354 million TEUs , of which 82 percent were handled by the world's top 100 container ports. As of 2009 , approximately 90% of non- bulk cargo worldwide is moved by containers stacked on transport ships; 26% of all container transshipment is carried out in China. For example, in 2009 there were 105,976,701 transshipments in China (both international and coastal, excluding Hong Kong), 21,040,096 in Hong Kong (which
8245-506: Was a Chinese state-owned multinational transportation conglomerate. It was the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide. In addition, the Group is the largest liner carrier in China. Its container shipping subsidiary – COSCO Container Lines – was one of the world's top 10 container carriers in terms of fleet capacity. COSCO was among China's top 15 brands in 2012. China Shipping (Group) Company
8342-494: Was an 8 feet (2.44 m) tall by 8 ft (2.44 m) wide box in 10 ft (3.05 m)-long units constructed from 2.5 mm ( 13 ⁄ 128 in) thick corrugated steel. The design incorporated a twistlock mechanism atop each of the four corners, allowing the container to be easily secured and lifted using cranes. Several years later, as a Fruehauf executive, Tantlinger went back to McLean and convinced him to relinquish control of their design to help stimulate
8439-401: Was completed in 2018. In 2018, COSCO SHIPPING Holdings acquired Hong Kong-based OOIL, the parent of OOCL, for US$ 6.3 billion On July 25, 2019, OOCL Hong Kong , the lead ship of the six G-class units and once the world’s largest container ship, visited Hong Kong to mark the 50th anniversary of Orient Overseas Container Line (OOCL). In May 2023, the 24,188 TEU OOCL Spain , which is among
8536-407: Was established. In June 1933, the B.I.C. decided on obligatory parameters for containers used in international traffic. Containers handled by means of lifting gear, such as cranes, overhead conveyors, etc. for traveling elevators (group I containers), constructed after July 1, 1933. Obligatory Regulations: In April 1935 BIC established a second standard for European containers: From 1926 to 1947 in
8633-562: Was founded in 1997 and was headquartered in Shanghai. The group was a Chinese state-owned multinational transportation conglomerate. By May 2014, China Shipping's container shipping subsidiary – China Shipping Container Lines – operated 156 container vessels with 656,000 TEU capacity. China Shipping Container Lines' container ship CSCL Globe was the world largest in 2014. China Shipping's other subsidiaries operated oil tankers , tramps, passenger ships, and car carriers . In January 2016,
8730-519: Was introduced in the US. The concept was developed by Sea-Land and the Southern Pacific railroad. The first standalone double-stack container car (or single-unit 40-ft COFC well car) was delivered in July 1977. The five-unit well car, the industry standard, appeared in 1981. Initially, these double-stack railway cars were deployed in regular train service. Ever since American President Lines initiated in 1984
8827-476: Was little room to build the vast holding lots needed for storing and sorting containers in transit between different transport modes. As a result, the Port of San Francisco essentially ceased to function as a major commercial port, but the neighboring Port of Oakland emerged as the second largest on the US West Coast. A similar fate occurred with the relationship between the ports of Manhattan and New Jersey . In
8924-472: Was particularly successful. First, the containers were rather small, with 52% of them having a volume of less than 3 cubic metres (106 cu ft). Almost all European containers were made of wood and used canvas lids, and they required additional equipment for loading into rail or truck bodies. The world's first purpose-built container vessel was Clifford J. Rodgers , built in Montreal in 1955 and owned by
9021-843: Was performed freed up valuable waterfront real estate near the central business districts of port cities around the world for redevelopment and led to a plethora of waterfront revitalization projects (such as warehouse districts ). The effects of containerization rapidly spread beyond the shipping industry. Containers were quickly adopted by trucking and rail transport industries for cargo transport not involving sea transport. Manufacturing also evolved to adapt to take advantage of containers. Companies that once sent small consignments began grouping them into containers. Many cargoes are now designed to precisely fit containers. The reliability of containers made just in time manufacturing possible as component suppliers could deliver specific components on regular fixed schedules. In 2004, global container traffic
9118-416: Was rapidly adopted for shipping purposes. In 1955, former trucking company owner Malcom McLean worked with engineer Keith Tantlinger to develop the modern intermodal container . All the containerization pioneers who came before McLean had thought in terms of optimizing particular modes of transport. McLean's "fundamental insight" which made the intermodal container possible was that the core business of
9215-509: Was set up in 1995 to support the continued education of young people. Currently, the Tung OOCL Scholarship comprises two programs: University Scholarship Program (China) and Employee's Children Scholarship Program. The University Scholarships have been established in six universities. They are Tsinghua University , Peking University , Fudan University , Shanghai Jiaotong University , Zhejiang University and Nanjing University . Since
9312-593: Was sold in 2010. It was reported that the SASAC of the State Council has ordered Government owned companies to sell real estate development unit if it is not their main businesses. COSCO Shipping Holdings Co., Ltd. , formerly China COSCO Holdings Company Limited was established in the People's Republic of China in 2005. It is the listed flagship and a subsidiary of China Ocean Shipping (Group) Company ("COSCO Group"),
9409-523: Was used for reloading of the containers. The development of containerization was created in Europe and the U.S. as a way to revitalize rail companies after the Wall Street Crash of 1929 , which had caused economic collapse and reduction in use of all modes of transport. In 1933 in Europe, under the auspices of the International Chamber of Commerce, the International Container Bureau (French: Bureau International des Conteneurs , B.I.C.)
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