1. Global Containerization, Transport and Communication
... per ton to load compared with 5.83 dollars per ton for loose cargo on a standard ship, and insurance costs per ton have been divided by six (from 0.24 pound per ton to 0.004 pound). The idea of using standard containers also enabled savings of time and increased significantly efficiency: containers can be easily and quickly packed and loaded onto ships or any ... into fewer hubs. Containerization also brought a better reliability: containers significantly contributed to lower freight charges and increased cargo security: insurance costs have been divided by 6 (from 0.24 pound per ton in...
- Word Count: 1245
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate