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Sixty years of container shipping

     Truck and container

It has been sixty years since the first cargo shipment was loaded into a container and shipped across the ocean.  The inventor was Malcolm McLean, a trucking business owner, who created the container by adapting a truck tanker.  Within a few years, container shipping was offered by two major shipping companies: Sea-Land and Overseas Container Lines.

Container shipping made cargo shipping faster and more economical by allowing the standardization of port handling and reducing the time required to move freight.  Container use continues to increase year over year and is expected to exceed 180 million TEU this year.

For more information, contact David Lychek, Manager – Ocean & Air Services.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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