In 2017, global seaborne trade reached 10.7 billion tons.. Of this, containerised trade accounted for 1.82 billion tons..
Containerised shipping is an important component of global trade and currently there are over 22 million containers operating around the world..
The humble and ubiquitous container which was created in 1956 is universally hailed as one of the greatest inventions of the modern world, one that completely changed the way in which business has been done since the 20th century and really and truly made the world a smaller place and the one true architect of Globalisation..
But, as much as it is important in the global trade, to many ports around the world, empty containers seem to have also become an annoying fact of life..
There may be a solution to this empty container crisis..
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights, enriching the knowledge of the readers with what is happening in the world of shipping, providing thoughtful analysis, and everything else you might want to know about the maritime, shipping, freight, logistics and supply chain industry..
Executive Insights is also a chance to pick the brains of industry veterans and leaders..
In this latest edition, Shipping and Freight Resource caught up with Nicholas Press CEO of CEC Systems for some insights into the challenges in the industry and the technologies..