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The Container Shipping Revolution

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Questions and Answers

Which industry moves 95% of all manufactured goods around the world?

Aviation industry

Shipping industry (correct)

Railway industry

Trucking industry

What revolutionized the shipping industry in 1956?

Adoption of cleaner fuels

Introduction of standardized container sizes (correct)

Expansion of the Panama Canal

Emergence of global shipping behemoths

What is the main advantage of using standardized containers in shipping?

Reduced transport cost (correct)

Faster delivery time

Improved cargo protection

Increased cargo capacity

What percentage of manufactured goods were containerized by the 1980s?

90% Signup and view all the answers

What is one criticism of the shipping industry?

Environmental pollution Signup and view all the answers

What caused a wave of consolidation in the shipping industry?

Price wars Signup and view all the answers

What is the approximate cost of transporting a single container from Shanghai to Hamburg?

$5 Signup and view all the answers

Which method of shipping has seen the most recent growth?

Shipping by satellite-tracked reefer boxes Signup and view all the answers

What can keep bananas fresh for up to 50 days?

Satellite-tracked reefer boxes Signup and view all the answers

What is the future of global cargo distribution likely to involve?

Blockchain technology Signup and view all the answers

Where will the first 'Tesla of the Seas' be launched?

Norwegian Fjord Signup and view all the answers

What will the 'Tesla of the Seas' be used to transport?

Fertilizer Signup and view all the answers

What will the 'Tesla of the Seas' replace?

Truck routes Signup and view all the answers

What is the estimated capacity of the crewless behemoths?

50,000 containers Signup and view all the answers

What is the main benefit of using blockchain technology in cargo distribution?

Improved tracking and security Signup and view all the answers