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Influence of Weather Conditions on Trade Levels and Natural Resources Characteristics
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Influence of Weather Conditions on Trade Levels and Natural Resources Characteristics

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Questions and Answers

What is the primary characteristic of Neo Bulk cargo?

  • Each pre-packaged unit is accountable (correct)
  • It is loaded on a pallet or crate
  • It is a type of wheeled cargo
  • It is carried in container load units

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

  • Size of the vessels
  • Speed of the vessels
  • Type of cargo carried
  • Method of loading and unloading (correct)

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

  • 50%
  • 68% (correct)
  • 40%
  • 80%

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

    <p>They have limited natural resources</p> Signup and view all the answers

    What is the recent trend in the Global Supply Chain?

    <p>From product-based to process-based</p> Signup and view all the answers

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

    <p>To reduce the annual operating costs per TEU</p> Signup and view all the answers

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

    <p>46%</p> Signup and view all the answers

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

    <p>$1,449</p> Signup and view all the answers

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

    <p>Manning costs</p> Signup and view all the answers

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

    <p>Reduced port charges per TEU</p> Signup and view all the answers

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

    <p>Simplified and less expensive packaging</p> Signup and view all the answers

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

    <p>Containers are a large consumer of terminal space</p> Signup and view all the answers

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

    <p>There is an imbalance in trade between Asia and the United States</p> Signup and view all the answers

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

    <p>The contents of the container are unknown to carriers</p> Signup and view all the answers

    What is the impact of containerization on port turnaround times?

    <p>Port turnaround times have been reduced to about 24 hours</p> Signup and view all the answers

    What type of goods is suitable for final consumption?

    <p>Consumer goods</p> Signup and view all the answers

    What are capital goods primarily designed for?

    <p>Production purposes</p> Signup and view all the answers

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

    <p>Break bulk</p> Signup and view all the answers

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

    <p>Coal</p> Signup and view all the answers

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

    <p>General cargo</p> Signup and view all the answers

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

    <p>8 feet 6 inches</p> Signup and view all the answers

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

    <p>20-foot</p> Signup and view all the answers

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

    <p>Allows for global handling and tracking</p> Signup and view all the answers

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

    <p>Open top container</p> Signup and view all the answers

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

    <p>Forty-foot Equivalent Unit</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    Countries like Brazil and South Africa mainly export manufactured goods.

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    Handy Size ships are used for liner service.

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    All vessels can enter the locks of the Panama Canal.

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    Containers are typically opened at multiple points during transportation.

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    Containerization has increased port turnaround times.

    <p>False</p> Signup and view all the answers

    The majority of intermodal terminals are located in urban centers.

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    Neo Bulk cargo is typically carried in container load units.

    <p>False</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

    The trade volume of manufactured goods has decreased since 1950.

    <p>False</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

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