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89-504: Sea-Land was founded by Malcom McLean as the Pan-Atlantic Steamship Corporation. This process offered companies significant time and cost savings that facilitated distribution and expanded international trade. On April 26, 1956, McLean introduced the world's first container ship, Ideal-X , which sailed from Newark, New Jersey to Houston , Texas with 58 aluminum trailers (containers) on its deck. In April 1960,

178-630: A "dramatic decline" of approximately 75%, which lasted until rates stabilized in April 2009. Rates have ranged from $ 2.70 to $ 35.40 in this period, with prices generally lower on larger ships. The most resilient sized vessel in this time period were those from 200 to 300 TEU, a fact that the United Nations Council on Trade and Development attributes to lack of competition in this sector. Overall, in 2010, these rates rebounded somewhat, but remained at approximately half of their 2008 values. As of 2011,

267-565: A company he knew from his trucking company days when his trucks transported Reynolds cigarettes across the United States. In January 1969, Reynolds agreed to buy Sea-Land for $ 530 million in cash and stock. McLean made $ 160 million personally and got a seat on the company's board. To carry out the purchase, Reynolds formed a holding company, named R.J. Reynolds Industries, Inc., which bought Sea-Land in May 1969. That same year, Sea-Land ordered five of

356-460: A domestic shipping company, and a terminal operator. In December 1999, Maersk acquired the international container shipping business. In 2000, Maersk Line changed its commercial name globally to Maersk SeaLand. In 2003, the Carlisle Group bought the domestic shipping line from CSX and changed the name to Horizon Lines . In 2006, the commercial name SeaLand ceased to exist when Maersk SeaLand

445-405: A gearless ship. Geared ships also incur greater recurring expenses, such as maintenance and fuel costs. The United Nations Council on Trade and Development characterizes geared ships as a "niche market only appropriate for those ports where low cargo volumes do not justify investment in port cranes or where the public sector does not have the financial resources for such investment". Instead of

534-526: A key to the success of the container ship. The first crane that was specifically designed for container work was built in California's Port of Alameda in 1959. By the 1980s, shoreside gantry cranes were capable of moving containers on a 3-minute-cycle, or up to 400 tons per hour. In March 2010, at Port Klang in Malaysia, a new world record was set when 734 container moves were made in a single hour. The record

623-413: A land development company headquartered in a Mountainside, New Jersey and owned by McLean. The venerable old resort which had seen virtually no noticeable changes in its 75 years before its sale became the center of controversy. Finally, in 1982, Pinehurst became the property of Diamondhead's major lenders, who formed a NC corporation called Resort Assets Corporation. With their takeover, a more viable effort

712-602: A moulded breadth over 32.31 m, however the Panama Canal expansion project has caused some changes in terminology. The Neopanamax category is based on the maximum vessel size that is able to transit a new third set of locks, which opened in June 2016. The third set of locks were built to accommodate a container ship with a length overall of 366 metres (1,201 ft), a maximum beam (width) of 49 metres (161 ft), and tropical fresh-water draft of 15.2 metres (50 ft). Such

801-510: A new " Triple E " family of container ships with a capacity of 18,000 TEU, with an emphasis on lower fuel consumption. In the present market situation, main engines will not be as much of a limiting factor for vessel growth either. The steadily rising expense of fuel oil in the early 2010s had prompted most container lines to adapt a slower, more economical voyage speed of about 21 knots, compared to earlier top speeds of 25 or more knots. Subsequently, newly built container ships can be fitted with

890-574: A royalty-free lease to the International Organization for Standardization . By the end of the 1960s, Sea-Land Industries had 27,000 trailer-type containers, manufactured by Fruehauf, 36 trailer ships and access to over 30 port cities. As the advantages to McLean's container system became apparent, competitors quickly adapted. They built bigger ships, larger gantry cranes and more sophisticated containers. Sea-Land needed cash to stay competitive. McLean turned to Reynolds Tobacco Company ,

979-611: A second watertight shell that runs most of the length of a ship. The double-bottoms generally hold liquids such as fuel oil, ballast water or fresh water. A ship's engine room houses its main engines and auxiliary machinery such as the fresh water and sewage systems, electrical generators, fire pumps, and air conditioners. In most new ships, the engine room is located in the aft portion. Container ships are distinguished into 7 major size categories: small feeder, feeder, feedermax, Panamax , Post-Panamax , Neopanamax and ultra-large. As of December 2012, there were 161 container ships in

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1068-540: A smaller main engine. Engine types fitted to today's ships of 14,000  TEU are thus sufficiently large to propel future vessels of 20,000  TEU or more. Maersk Line, the world's largest container shipping line, nevertheless opted for twin engines (two smaller engines working two separate propellers), when ordering a series of ten 18,000 TEU vessels from Daewoo Shipbuilding in February 2011. The ships were delivered between 2013 and 2014. In 2016, some experts believed that

1157-530: A standardized way. Containerization has increased the efficiency of moving traditional break-bulk cargoes significantly, reducing shipping time by 84% and costs by 35%. In 2001, more than 90% of world trade in non-bulk goods was transported in ISO containers. In 2009, almost one quarter of the world's dry cargo was shipped by container, an estimated 125 million TEU or 1.19 billion tonnes worth of cargo. The first ships designed to carry standardized load units were used in

1246-409: A technique called containerization . Container ships are a common means of commercial intermodal freight transport and now carry most seagoing non-bulk cargo. Container ship capacity is measured in twenty-foot equivalent units (TEU). Typical loads are a mix of 20-foot (1-TEU) and 40-foot (2-TEU) ISO-standard containers , with the latter predominant. Today, about 90% of non- bulk cargo worldwide

1335-532: A ton to load a ship, 36-fold savings. Containerization also greatly reduced the time to load and unload ships. McLean knew " A ship earns money only when she's at sea ", and based his business on that efficiency. In April 1957, the first container ship, the Gateway City , began regular service between New York, Florida, and Texas. During the summer of 1958 McLean Industries, still using the name Pan-Atlantic Steamship Corporation, inaugurated container service between

1424-522: A vessel, called Neopanamax class, is wide enough to carry 19 columns of containers, can have a total capacity of approximately 12,000 TEU and is comparable in size to a capesize bulk carrier or a Suezmax tanker. Container ships under 3,000 TEU are generally called feeder ships or feeders. They are small ships that typically operate between smaller container ports. Some feeders collect their cargo from small ports, drop it off at large ports for transshipment on larger ships, and distribute containers from

1513-506: Is a chartering price, specifically the price to time-charter a 1 TEU slot for 14 tonnes of cargo on a container ship. The other is the freight rate ; or comprehensive daily cost to deliver one-TEU worth of cargo on a given route. As a result of the late-2000s recession , both indicators showed sharp drops during 2008–2009, and have shown signs of stabilization since 2010. UNCTAD uses the Hamburg Shipbrokers' Association (formally

1602-665: Is a major driver of globalization . McLean was born in Maxton, North Carolina in 1913. His first name was originally spelled Malcolm, though he used Malcom later in life. In 1935, when he finished high school at Winston-Salem, his family did not have enough money to send him to college, but there was enough for McLean to buy a used truck. The same year, McLean, his sister, Clara, and his brother, Jim, founded McLean Trucking Co. Based in Red Springs, North Carolina , McLean Trucking started hauling empty tobacco barrels, with McLean as one of

1691-493: Is built around a strong keel . Into this frame is set one or more below-deck cargo holds , numerous tanks, and the engine room . The holds are topped by hatch covers, onto which more containers can be stacked. Many container ships have cargo cranes installed on them, and some have specialized systems for securing containers on board. The hull of a modern cargo ship is a complex arrangement of steel plates and strengthening beams. Resembling ribs, and fastened at right angles to

1780-440: Is constructed of forged steel and ductile iron and has a shear strength of 48 tonnes. The buttress system, used on some large container ships, uses a system of large towers attached to the ship at both ends of each cargo hold. As the ship is loaded, a rigid, removable stacking frame is added, structurally securing each tier of containers together. Container ships have typically had a single bridge and accommodation unit towards

1869-416: Is increased by securing containers to each other, either by simple metal forms (such as stacking cones) or more complicated devices such as twist-lock stackers. A typical twist-lock is inserted into the casting hole of one container and rotated to hold it in place, then another container is lowered on top of it. The two containers are locked together by twisting the device's handle. A typical twist-lock

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1958-555: Is one of four ordered from the builder in 2020, and exceeded MSC's 24,116 TEU MSC Tessa , which had been delivered that same day by the China State Shipbuilding Corporation (CSSC). In April, MSC Irina sister ship MSC Loreto , with an equal capacity of 24,346 TEU was received by MSC. On June 2, 2023 Ocean Network Express took delivery of the ONE Innovation with a capacity of 24,136 TEUs. ONE Innovation

2047-465: Is one of six new Megamax vessels ordered by Ocean Network Express in December 2020 to be built by a consortium of Imabari Shipbuilding and Japan Marine United . The act of hiring a ship to carry cargo is called chartering. Outside special bulk cargo markets, ships are hired by three types of charter agreements: the voyage charter , the time charter, and the bareboat charter . In a voyage charter,

2136-498: Is still considerable room for vessel growth. Compared to today's largest container ships, Maersk Line's 15,200  TEU Emma Mærsk -type series, a 20,000  TEU container ship would only be moderately larger in terms of exterior dimensions. According to a 2011 estimate, an ultra-large container ship of 20,250  TEU would measure 440 m × 59 m (1,444 ft × 194 ft), compared to 397.71 m × 56.40 m (1,304.8 ft × 185.0 ft) for

2225-618: Is the use of cell guides . Cell guides are strong vertical structures constructed of metal installed into a ship's cargo holds. These structures guide containers into well-defined rows during loading and provide some support for containers against the ship's rolling at sea. So fundamental to container ship design are cell guides that organizations such as the United Nations Conference on Trade and Development use their presence to distinguish dedicated container ships from general break-bulk cargo ships. A system of three dimensions

2314-444: Is transported by container by about 50,000 container ships. Modern container ships can carry over 24,000 TEU. The largest container ships measure about 400 metres (1,300 ft) in length, and carry loads equal to the cargo-carrying capacity of sixteen to seventeen pre-World War II freighter ships. There are several key points in the design of modern container ships. The hull, similar to that of bulk carriers and general cargo ships,

2403-403: Is transported by container ships, the largest of which, from 2023 onward, can carry over 24,000 TEU. There are two main types of dry cargo: bulk cargo and break bulk cargo . Bulk cargoes, like grain or coal, are transported unpackaged in the hull of the ship, generally in large volume. Break-bulk cargoes, in contrast, are transported in packages, and are generally manufactured goods. Before

2492-420: Is used in cargo plans to describe the position of a container aboard the ship. The first coordinate is the bay , which starts at the front of the ship and increases aft. The second coordinate is the row . Rows on the starboard side are given odd numbers and those on the port side are given even numbers. The rows nearest the centerline are given low numbers, and the numbers increase for slots further from

2581-743: The SS Ideal-X (informally dubbed the "SS Maxton" after McLean's hometown in North Carolina), was loaded and sailed from the Port Newark-Elizabeth Marine Terminal , New Jersey, for the Port of Houston , Texas, carrying 58 35-foot (11 m) Trailer Vans , later called containers, along with a regular load of liquid tank cargo. As the Ideal-X left the Port of Newark, Freddy Fields, a top official of

2670-615: The Clifford J. Rogers , built in 1955, and introduced containers to its railway in 1956. MV Kooringa was the world's first fully cellular , purpose-built container ship. and was built by Australian company Associated Steamships, a partnership formed by the 1964 merger of the Adelaide Steamship Company with McIlwraith, McEacharn & Co , then commissioned in May 1964. Container ships were designed to accommodate intermodal transport of goods, and eliminated requirements for

2759-553: The Emma Mærsk class. It would have an estimated deadweight of circa 220,000 tons. While such a vessel might be near the upper limit for a Suez Canal passage, the so-called Malaccamax concept (for Straits of Malacca ) does not apply for container ships, since the Malacca and Singapore Straits' draft limit of about 21 metres (69 ft) is still above that of any conceivable container ship design. In 2011, Maersk announced plans to build

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2848-475: The International Longshoremen's Association , was asked what he thought of the newly fitted container ship. Fields replied, "I'd like to sink that son of a bitch." McLean flew to Houston to be on hand when the ship safely docked. In 1956, most cargoes were loaded and unloaded by hand by longshore workers. Hand-loading a ship cost $ 5.86 a ton at that time. Using containers, it cost only 16 cents

2937-659: The Suez Canal and the Singapore Strait . In 2008 the South Korean shipbuilder STX announced plans to construct a container ship capable of carrying 22,000  TEU , and with a proposed length of 450 m (1,480 ft) and a beam of 60 m (200 ft). If constructed, the container ship would become the largest seagoing vessel in the world. Since even very large container ships are vessels with relatively low draft compared to large tankers and bulk carriers, there

3026-589: The Vereinigung Hamburger Schiffsmakler und Schiffsagenten e. V. or VHSS for short) as its main industry source for container ship freight prices. The VHSS maintains a few indices of container ship charter prices. The oldest, which dates back to 1998, is called the Hamburg Index . This index considers time-charters on fully cellular container ships controlled by Hamburg brokers. It is limited to charters of 3 months or more, and presented as

3115-476: The 20th century. His idea for modernizing the loading and unloading of ships, which was previously conducted in much the same way the ancient Phoenicians did 3,000 years ago, has resulted in much safer and less-expensive transport of goods, faster delivery, and better service. We owe so much to a man of vision, "the father of containerization," Malcolm P. McLean. In an editorial shortly after his death, Baltimore Sun stated that "he ranks next to Robert Fulton as

3204-564: The Malcom P. McLean Innovative Spirit Award. The annual McLean Award recognizes an outstanding graduating student at George Mason University , selected by professors. McLean was inducted into the North Carolina Transportation Hall of Fame in 2006. Container ship A container ship (also called boxship or spelled containership ) is a cargo ship that carries all of its load in truck-size intermodal containers , in

3293-460: The U.S. mainland and San Juan, Puerto Rico with the vessel Fairland . The name was officially changed from Pan-Atlantic Steamship Corporation to Sea-Land Service, Inc. in April 1960. McLean's operation was profitable by 1961 and he kept adding routes and buying bigger ships. In August 1963, McLean opened a new 101-acre (0.41 km ) port facility in Port Newark-Elizabeth Marine Terminal to handle even more container traffic. The development of

3382-519: The UK and “CIWL Pullman Golden Arrow Fourgon of CIWL” in France. In the early 1950s, McLean decided to use the containers commercially. By 1952, he was developing plans to carry his company's trucks on ships along the U.S. Atlantic coast, from North Carolina to New York. It soon became apparent that "trailerships", as they were called, would be inefficient because of the large waste in potential cargo space on board

3471-581: The US mainland ( Jacksonville, Florida ), Puerto Rico and the Dominican Republic . McLean also developed non-maritime inventions, including a means of lifting a patient from a stretcher onto a hospital bed. McLean died at his home in New York City on May 25, 2001, age 87, of heart failure. His death prompted Norman Y. Mineta to make the following statement: Malcom revolutionized the maritime industry in

3560-525: The United States and Japan only had 75 and 11 registered container ships, respectively. In recent years, oversupply of container ship capacity has caused prices for new and used ships to fall. From 2008 to 2009, new container ship prices dropped by 19–33%, while prices for 10-year-old container ships dropped by 47–69%. In March 2010, the average price for a geared 500-TEU container ship was $ 10 million, while gearless ships of 6,500 and 12,000 TEU averaged prices of $ 74 million and $ 105 million respectively. At

3649-469: The VLCS class (Very Large Container Ships, more than 10,000 TEU), and 51 ports in the world can accommodate them. The size of a Panamax vessel is limited by the original Panama canal's lock chambers , which can accommodate ships with a beam of up to 32.31 m, a length overall of up to 294.13 m, and a draft of up to 12.04 m. The Post-Panamax category has historically been used to describe ships with

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3738-408: The advent of containerization in the 1950s, break-bulk items required manual loading, lashing, unlashing and unloading from the ship one piece at a time. This stevedoring process became more efficient by grouping cargo into containers, 1,000 to 3,000 cubic feet (28 to 85 m ) of cargo, or up to about 64,000 pounds (29,000 kg), is moved at once and each container is secured to the ship once in

3827-677: The average daily cost in U.S. dollars for a one-TEU slot with a weight of 14 tonnes. The Hamburg Index data is divided into ten categories based primarily on vessel carrying capacity. Two additional categories exist for small vessels of under 500 TEU that carry their own cargo cranes. In 2007, VHSS started another index, the New ConTex which tracks similar data obtained from an international group of shipbrokers. The Hamburg Index shows some clear trends in recent chartering markets. First, rates were generally increasing from 2000 to 2005. From 2005 to 2008, rates slowly decreased, and in mid-2008 began

3916-569: The brand. Malcom McLean Malcom Purcell McLean (November 14, 1913 – May 25, 2001) was an American businessman who invented the modern intermodal shipping container , which revolutionized transport and international trade in the second half of the twentieth century. Containerization led to a significant reduction in the cost of freight transportation by eliminating the need for repeated handling of individual pieces of cargo, and also improved reliability, reduced cargo theft, and cut inventory costs by shortening transit time. Containerization

4005-485: The centerline. The third coordinate is the tier , with the first tier at the bottom of the cargo holds, the second tier on top of that, and so forth. Container ships typically take 20 foot and 40 foot containers. Some ships can take 45 footers above deck. A few ships (APL since 2007, Carrier53 since 2022 ) can carry 53 foot containers. 40 foot containers are the primary container size, making up about 90% of all container shipping and since container shipping moves 90% of

4094-590: The charterer rents the vessel from the loading port to the discharge port. In a time charter, the vessel is hired for a set period of time, to perform voyages as the charterer directs. In a bareboat charter, the charterer acts as the ship's operator and manager, taking on responsibilities such as providing the crew and maintaining the vessel. The completed chartering contract is known as a charter party . The United Nations Conference on Trade and Development [UNCTAD], tracks in its 2010 Review of Maritime Trade two aspects of container shipping prices: The first one

4183-680: The company name was rebranded from Pan-Atlantic Steamship Corporation to Sea-Land. From 1967 to 1973, Sea-Land became notable for delivering 1,200 containers a month to the Indochina peninsula during the Vietnam War , resulting in $ 450 million in revenues from the United States Defense Department . From January 1969 to 1999, Sea-Land was owned by RJ Reynolds Tobacco Company , CSX and others. In March 1999, CSX separated Sea-Land into three entities: an international shipping company,

4272-493: The company. In June 1984, R.J. Reynolds Industries, Inc. spun off Sea-Land Corporation to shareholders, as an independent, publicly held company, with stock trading on the New York Stock Exchange. Sea-Land achieved the highest revenues and earnings in its 28-year history. In September 1986, Sea-Land Corporation merged with CSA Acquisition Corp., a subsidiary of CSX Corporation . Sea-Land Corporation common stock

4361-473: The construction of wooden shelter decks, known as Mechano decking. This was a common practice in World War II for the carriage of oversized cargo, such as aircraft. It took several months to refit the ships, construct containers to carry on and below the vessels' decks and design trailer chassis to allow removable containers. On April 26, 1956, with 100 invited dignitaries on hand, one of the converted tankers,

4450-408: The container market was slow until the late 1960s. Many ports did not have the cranes to lift containers on and off ships, and change was slow in an industry steeped in tradition. Moreover, unions resisted an idea that threatened their livelihood. In April 1966, Sea-Land commenced service between New York and Rotterdam , Netherlands; Bremen , Germany; and Grangemouth , Scotland. In 1967, Sea-Land

4539-424: The containers together. Above-decks, without the extra support of the cell guides, more complicated equipment is used. Three types of systems are currently in wide use: lashing systems, locking systems, and buttress systems. Lashing systems secure containers to the ship using devices made from wire rope, rigid rods, or chains and devices to tension the lashings, such as turnbuckles. The effectiveness of lashings

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4628-434: The current largest container ships are at the optimum size, and could not economically be larger, as port facilities would be too expensive, port handling too time consuming, the number of suitable ports too low, and insurance cost too high. In March 2017 the first ship with an official capacity over 20,000 TEUs was christened at Samsung Heavy Industries . MOL Triumph has a capacity of 20,150 TEUs. Samsung Heavy Industries

4717-413: The design of container ships. While containers may be carried on conventional break-bulk ships, cargo holds for dedicated container ships are specially constructed to speed loading and unloading, and to efficiently keep containers secure while at sea. A key aspect of container ship specialization is the design of the hatches, the openings from the main deck to the cargo holds. The hatch openings stretch

4806-486: The drivers. The idea of transporting trucks on ships was put into practice before World War II. In 1926, 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 transporting 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

4895-535: The entire breadth of the cargo holds, and are surrounded by a raised steel structure known as the hatch coaming . On top of the hatch coamings are the hatch covers. Until the 1950s, hatches were typically secured with wooden boards and tarpaulins held down with battens. Today, some hatch covers can be solid metal plates that are lifted on and off the ship by cranes, while others are articulated mechanisms that are opened and closed using powerful hydraulic rams. Another key component of dedicated container-ship design

4984-685: The first container ship in the world was launched; the Autocarrier , owned by the Southern Railway. It had 21 slots for containers of Southern Railway. The earliest container ships after the Second World War were converted oil tankers , built up from surplus T2 tankers after World War II. In 1951, the first purpose-built container vessels began operating in Denmark , and between Seattle and Alaska . The first commercially successful container ship

5073-601: The first of these rebuilt container vessels, Ideal X , left the Port Newark in New Jersey and a new revolution in modern shipping resulted. In the 1950s, a new standardized steel Intermodal container based on specifications from the United States Department of Defense began to revolutionize freight transportation. The White Pass & Yukon Route railway acquired the world's first purpose built container ship,

5162-427: The greatest revolutionary in the history of maritime trade." Forbes Magazine called McLean "one of the few men who changed the world." On the morning of McLean's funeral, container ships around the world blew their whistles in his honor. Fortune inducted McLean into its Business Hall of Fame in 1982. In 1995, American Heritage named him one of the ten outstanding innovators of the past 40 years. In 2000, he

5251-601: The individual hatches, holds and other dividers of traditional cargo ships . The hull of a typical container ship is similar to an airport hangar, or a huge warehouse, which is divided into individual holding cells, using vertical guide rails. The ship's cells are designed to hold cargo containers, which are typically constructed of steel, though sometimes of aluminum, fiberglass or plywood, and designed for intermodal transfers between ship and train , truck or semi-trailer . Shipping containers are categorized by type, size and function. Today, about 90% of non- bulk cargo worldwide

5340-438: The keel, are the ship's frames. The ship's main deck, the metal platework that covers the top of the hull framework, is supported by beams that are attached to the tops of the frames and run the full breadth of the ship. The beams not only support the deck, but along with the deck, frames, and transverse bulkheads, strengthen and reinforce the shell. Another feature of recent hulls is a set of double-bottom tanks, which provide

5429-418: The large port to smaller regional ports. This size of vessel is the most likely to carry cargo cranes on board. A major characteristic of a container ship is whether it has cranes installed for handling its cargo. Those that have cargo cranes are called geared and those that do not are called ungeared or gearless . The earliest purpose-built container ships in the 1970s were all gearless. Since then,

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5518-601: The largest, fastest container ships in the world - SL-7 class vessels. Under Reynolds, Sea-Land's profits were intermittent. By the end of 1974, Reynolds had put more than $ 1 billion into Sea-Land, building huge terminals in New Jersey and Hong Kong and adding to its fleet of container ships. Sea-Land's biggest expense was fuel, so in 1970, RJR bought the American Independent Oil Co. , better known as Aminoil , for $ 56 million. RJR put millions into oil exploration, trying to get Aminoil large enough to compete in

5607-691: The late 18th century in England. In 1766 James Brindley designed the box boat "Starvationer" with 10 wooden containers, to transport coal from Worsley Delph to Manchester via the Bridgewater Canal . Before the Second World War , the first container ships were used to carry the baggage of the luxury passenger train from London to Paris ( Southern Railway's Golden Arrow / La Flèche d'Or ). These containers were loaded in London or Paris, and carried to ports of Dover or Calais on flat cars. In February 1931,

5696-634: The markets of Alaska , Hawaii and Puerto Rico , and to Guam . The company was headquartered in Charlotte, North Carolina . In 2015 the company was acquired by Matson Navigation Company . In 1968 McLean financed a real estate project in Waveland, Mississippi that has become Diamondhead, Mississippi . In 1971, the Pinehurst Resort property in Pinehurst, North Carolina was sold to Diamondhead Corporation,

5785-405: The percentage of geared newbuilds has fluctuated widely, but has been decreasing overall, with only 7.5% of the container ship capacity in 2009 being equipped with cranes. While geared container ships are more flexible in that they can visit ports that are not equipped with pierside container cranes , they suffer from several drawbacks. To begin with, geared ships will cost more to purchase than

5874-508: The rear, but to reconcile demand for larger container capacity with SOLAS visibility requirements, several new designs have been developed. As of 2015 , some large container ships are being developed with the bridge further forward, separate from the exhaust stack. Some smaller container ships working in European ports and rivers have liftable wheelhouses, which can be lowered to pass under low bridges. As of 2010 , container ships made up 13.3% of

5963-413: The rotary cranes, some geared ships have gantry cranes installed. These cranes, specialized for container work, are able to roll forward and aft on rails. In addition to the additional capital expense and maintenance costs, these cranes generally load and discharge containers much more slowly than their shoreside counterparts. The introduction and improvement of shoreside container cranes have been

6052-509: The same time, secondhand prices for 10-year-old geared container ships of 500-, 2,500-, and 3,500-TEU capacity averaged prices of $ 4 million, $ 15 million, and $ 18 million respectively. In 2009, 11,669,000 gross tons of newly built container ships were delivered. Over 85% of this new capacity was built in the Republic of Korea, China, and Japan, with Korea accounting for over 57% of the world's total alone. New container ships accounted for 15% of

6141-586: The scrap metal market. Scrapping rates are volatile, the price per light ton displacement has swung from a high of $ 650 per LTD in mid-2008 to $ 200 per LTD in early 2009, before building to $ 400 per LTD in March 2010. As of 2009 , over 96% of the world's scrapping activity takes place in China, India, Bangladesh, and Pakistan. The global economic downturn of 2008–2009 resulted in more ships than usual being sold for scrap. In 2009, 364,300 TEU worth of container ship capacity

6230-400: The size of container ships. Primarily, these are the availability of sufficiently large main engines and the availability of a sufficient number of ports and terminals prepared and equipped to handle ultra-large container ships. Furthermore, the permissible maximum ship dimensions in some of the world's main waterways could present an upper limit in terms of vessel growth. This primarily concerns

6319-618: The subsequent period of cheap oil. USL went bankrupt in 1986. McLean took very personally the criticism directed against him after the collapse of USL and the resulting loss of many jobs associated with and dependent on USL. In 1982, McLean made the Forbes 400 Richest Americans list with a net worth of $ 400 million, however, a few years later, having gambled on rising oil prices that failed to materialize, McLean had to file for Chapter 11 bankruptcy owing debt of $ 1.3 billion. In 1991, at 78, McLean founded Trailer Bridge, Inc. , which operates between

6408-623: The tonnage of the top 20 liner companies was chartered-in in this manner. International law requires that every merchant ship be registered in a country, called its flag state . A ship's flag state exercises regulatory control over the vessel and is required to inspect it regularly, certify the ship's equipment and crew, and issue safety and pollution prevention documents. As of 2006 , the United States Bureau of Transportation Statistics count 2,837 container ships of 10,000 long tons deadweight (DWT) or greater worldwide. Panama

6497-411: The total new tonnage that year, behind bulk carriers at 28.9% and oil tankers at 22.6%. Most ships are removed from the fleet through a process known as scrapping . Scrapping is rare for ships under 18 years old and common for those over 40 years in age. Ship-owners and buyers negotiate scrap prices based on factors such as the ship's empty weight (called light ton displacement or LTD) and prices in

6586-511: The vessel, known as broken stowage. The original concept was modified into loading just the containers, not the chassis, onto the ships, hence the designation container ship or "box" ship. At the time, U.S. regulations would not allow a trucking company to own a shipping line. McLean secured a bank loan for $ 22 million and, in January 1956, bought two World War II T-2 tankers , which he converted to carry containers on and under deck. McLean oversaw

6675-501: The world exploration market. In 1974, R.J. Reynolds Industries had its best year. Sea-Land's earnings increased nearly 10 times, to $ 145 million. Aminoil's earnings soared to $ 86.3 million. Dun & Bradstreet , the financial-ratings firm, named RJR one of its five best-managed companies in America. But in 1975, Sea-Land's earnings dropped sharply, along with Aminoil's. McLean relinquished his Reynolds board seat in 1977 and cut ties with

6764-405: The world's fleet in terms of deadweight tonnage. The world's total of container ship deadweight tonnage has increased from 11 million  DWT in 1980 to 169.0 million  DWT in 2010. The combined deadweight tonnage of container ships and general cargo ships, which also often carry containers, represents 21.8% of the world's fleet. As of 2009 , the average age of container ships worldwide

6853-426: The world's freight, over 80% of the world's freight moves via 40 foot containers. Numerous systems are used to secure containers aboard ships, depending on factors such as the type of ship, the type of container, and the location of the container. Stowage inside the holds of fully cellular (FC) ships is simplest, typically using simple metal forms called container guides, locating cones, and anti-rack spacers to lock

6942-505: The world's fully cellular container capacity, with 2,673 vessels of an average capacity of 3,774 TEU. The remaining 6,862 fully cellular ships have an average capacity of 709 TEU each. The vast majority of the capacity of fully cellular container ships used in the liner trade is owned by German shipowners , with approximately 75% owned by Hamburg brokers. It is a common practice for the large container lines to supplement their own ships with chartered-in ships, for example in 2009, 48.9% of

7031-452: Was Ideal X , a T2 tanker, owned by Malcom McLean , which carried 58 metal containers between Newark, New Jersey and Houston, Texas , on its first voyage. In 1955, McLean built his company, McLean Trucking into one of the United States' biggest freighter fleets. In 1955, he purchased the small Pan Atlantic Steamship Company from Waterman Steamship and adapted its ships to carry cargo in large uniform metal containers. On April 26, 1956,

7120-403: Was 10.6 years, making them the youngest general vessel type, followed by bulk carriers at 16.6 years, oil tankers at 17 years, general cargo ships at 24.6 years, and others at 25.3 years. Most of the world's carrying capacity in fully cellular container ships is in the liner service , where ships trade on scheduled routes. As of January 2010, the top 20 liner companies controlled 67.5% of

7209-455: Was achieved using 9 cranes to simultaneously load and unload MV  CSCL Pusan , a ship with a capacity of 9,600 TEU. Vessels in the 1,500–2,499 TEU range are the most likely size class to have cranes, with more than 60% of this category being geared ships. Slightly less than a third of the very smallest ships (from 100–499 TEU) are geared, and almost no ships with a capacity of over 4,000 TEU are geared. Efficiency has always been key in

7298-414: Was exchanged for $ 28 per share, cash. Sea-Land's international services were sold to Maersk in 1999, and the combined company was named Maersk Sealand , which, in 2006, became known simply as Maersk Line . The former Sea-Land's domestic services was operated until 2015 as Horizon Lines , which accounted for approximately 36% of the total U.S. marine container shipments between the continental U.S. and

7387-479: Was expected to deliver several ships of over 20,000 TEUs in 2017, and has orders for at least ten vessels in that size range for OOCL and MOL. The world's largest container ship, MSC Irina , was delivered March 9, 2023 by builder Yangzi Xinfu Shipbuilding to the Mediterranean Shipping Company (MSC), with a capacity of 24,346 TEUs. Measuring 399.99 metres in length and 61.3 metres in beam, the ship

7476-797: Was invited by the U.S. government to start a container service to South Vietnam . The service to Vietnam produced 40% of the company's revenue in 1968/69. In late 1968, commercial container ship service was inaugurated from the Far East to the United States. This service was expanded to Hong Kong and Taiwan in 1969, and to Singapore , Thailand and the Philippines in 1971. To achieve reductions in labor and dock servicing time, McLean followed Roy Fruehauf's lead and became vigilant about standardization. His efforts to increase efficiency resulted in standardized container designs that were awarded patent protection. McLean made his patents available by issuing

7565-759: Was named Man of the Century by the International Maritime Hall of Fame . McLean was inducted into the Junior Achievement U.S. Business Hall of Fame in 1982. In 2000, McLean received an honorary degree from the U.S. Merchant Marine Academy . McLean is the only person to found three companies that were later listed on the New York Stock Exchange (plus two others on the NASDAQ ). Trailer Bridge, Inc., which McLean founded in 1992, annually awards

7654-449: Was rebranded as Maersk Line after the purchase of P&O Nedlloyd . In January 2014, due to the strong brand recognition throughout the intra-Americas region, Maersk announced the revival of the SeaLand brand as a specialized intra-regional carrier, taking over the existing Maersk Line network for intra-Americas trade starting January 2015. In January 2023, Maersk announced it would retire

7743-480: Was scrapped, up from 99,900 TEU in 2008. Container ships accounted for 22.6% of the total gross tonnage of ships scrapped that year. Despite the surge, the capacity removed from the fleet only accounted for 3% of the world's container ship capacity. The average age of container ships scrapped in 2009 was 27.0 years. Economies of scale have dictated an upward trend in the size of container ships in order to reduce expenses. However, there are certain limitations to

7832-716: Was the world's largest flag state for container ships, with 541 of the vessels in its registry. Seven other flag states had more than 100 registered container ships: Liberia (415), Germany (248), Singapore (177), Cyprus (139), the Marshall Islands (118) and the United Kingdom (104). The Panamanian, Liberian, and Marshallese flags are open registries and considered by the International Transport Workers' Federation to be flags of convenience . By way of comparison, traditional maritime nations such as

7921-434: Was then made to work in concert with Pinehurst village officials to restore the overall community. In 1978, McLean purchased United States Lines . There, he built a fleet of 4,400- TEU container ships that were the largest afloat at the time. The ships, operating in round-the-world service, were designed in the aftermath of the 1970s oil shortages and were fuel-efficient but slow, and therefore not well-adapted to compete in

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