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Influence of Weather Conditions on Trade Levels and Natural Resources Characteristics

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75 Questions

What is the primary characteristic of Neo Bulk cargo?

Each pre-packaged unit is accountable

What is the main difference between a RO/RO Vessel Ship and a LO-LO Vessel Ship?

Method of loading and unloading

What percentage of world merchandise exports did manufactured goods represent in 2018?

68%

What is the main reason countries like Japan export mainly manufactured products?

They have limited natural resources

What is the recent trend in the Global Supply Chain?

From product-based to process-based

What is the main reason for the development of larger containerships?

To reduce the annual operating costs per TEU

What percentage of annual operating costs is attributed to fuel in a standard Panamax containership?

46%

What is the approximate annual operating cost per TEU for a 10,000 TEU containership?

$1,449

What is the main expense category that remains constant for both Panamax and 10,000 TEU containerships?

Manning costs

What is the advantage of using larger containerships in terms of port charges?

Reduced port charges per TEU

What is a major advantage of containerization in terms of cargo handling?

Simplified and less expensive packaging

What is a disadvantage of containerization in terms of terminal space?

Containers are a large consumer of terminal space

Why is there a need for repositioning of containers across the Pacific?

There is an imbalance in trade between Asia and the United States

What is a benefit of containerization in terms of cargo security?

The contents of the container are unknown to carriers

What is the impact of containerization on port turnaround times?

Port turnaround times have been reduced to about 24 hours

What type of goods is suitable for final consumption?

Consumer goods

What are capital goods primarily designed for?

Production purposes

Which term refers to goods that are not conducive to packaging or unitization?

Break bulk

What does a dry-bulk carrier transport in Australia according to the text?

Coal

In maritime transport, what are manufactured products commonly referred to as?

General cargo

What is the standard height of a 20-foot container?

8 feet 6 inches

Which freight container size is represented by the abbreviation 'TEU'?

20-foot

What is the significance of a container's unique identification number?

Allows for global handling and tracking

Which type of container is one foot higher than the standard?

Open top container

What does the 'FEU' abbreviation stand for in the context of containers?

Forty-foot Equivalent Unit

The majority of international trade in value consists of bulk cargo.

False

RO/RO vessels are designed to carry containers on pallets.

False

The growth rate of manufactured goods has decreased over the past 50 years.

False

Countries like Brazil and South Africa mainly export manufactured goods.

False

The global supply chain has shifted from a process-based approach to a product-based approach.

False

The Bureau International des Containers et du Transport Intermodal is responsible for issuing owner codes on behalf of the American company Textainer.

False

The product group code 'U' refers to a refrigerated container.

False

Each owner code can have up to 1 million unique containers.

True

The check digit is used to calculate the total weight of the container.

False

The size and type code '45' indicates that the container is a 20 footer of 8 feet 6 inches in height.

False

About 2,000 containers are lost at sea each year due to bad weather.

False

A Panamax ship can enter the newer locks of the Panama Canal.

False

Handy Size ships are used for liner service.

False

A Cape-Size ship can fit through the Suez Canal.

False

All vessels can enter the locks of the Panama Canal.

False

The term 'Post-Panamax' refers to the ships that could fit through the Suez Canal.

False

Port charges account for 50% of the annual operating costs of a 10,000 TEU containership.

False

Annual operating costs per TEU increase by more than one half for a 10,000 TEU containership compared to a standard Panamax containership.

False

Manning costs account for the majority of annual operating costs for both Panamax and 10,000 TEU containerships.

False

A 10,000 TEU containership has higher annual operating costs than a standard Panamax containership.

False

Raw materials and agricultural products make up the two primary categories of goods in international trade.

True

More than two-thirds of seaborne trade by volume consists of manufactured goods.

False

Liquid resources include goods like coal, iron ore, and bauxite that are transported in tanks.

False

Dry resources are materials in a solid or dry state like grains, which do not include liquid cargos.

True

Manufactured goods represent the largest share in international trade based on their value.

True

Countries now specialize in complete products rather than specific tasks within the production process.

False

The value-added to the final product is maximum during the manufacturing and assembling stages.

False

Asia has witnessed a significant shift of production from Vietnam to Japan.

False

The global supply chain has shifted from a process-based approach to a product-based approach.

False

The relocation of production facilities is driven by constant comparative advantages.

False

Containers are typically opened at multiple points during transportation.

False

More than half of the containers leaving the United States are full.

False

Containerization has increased port turnaround times.

False

The majority of intermodal terminals are located in urban centers.

False

There is a balance in the number of containers moving between Asia and the United States.

False

The term 'Post-Panamax' refers to the ships that fit through the Suez Canal.

False

The approximate annual operating cost per TEU for a 10,000 TEU containership is $2,314.

False

The incentive to use larger containerships is mainly due to lower manning costs.

False

The majority of the annual operating costs for a 10,000 TEU containership are attributed to port charges and manning costs.

False

The principle of economies of scale is not a significant factor in containerized maritime shipping.

False

General cargo mainly consists of liquid goods that are packaged or unitized for transport.

False

Maritime transport refers to the transportation of goods and people by land, sea, or air.

False

Break bulk cargo is characterized by being carried in containers that are unitized and easy to handle.

False

Capital goods are designed for final consumption rather than for production purposes.

False

In maritime transport, manufactured products are commonly known as specialized cargo.

False

Neo Bulk cargo is typically carried in container load units.

False

Bulk cargo is transported in a different manner than General cargo.

True

The trade volume of manufactured goods has decreased since 1950.

False

Industrialized exporting countries like Japan mainly export manufactured products due to abundant natural resources.

False

The Global Supply Chain has recently shifted from a product-based approach to a process-based approach.

True

Explore how weather conditions impact trade levels, such as grain imports and coal demand. Learn about the characteristics of natural resources, including dry-bulk carriers used for transporting coal. Dive into the world of manufactured goods and the role of carriers in transportation.

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