Before containerization was introduced to shipping, the industry had suffered from tremendous inefficiencies – it could take up to two weeks just to load and unload a ship. The extensive use of containers has not only saved shippers a huge amount of time, but it has also had an incredible impact on our global access
The global economy, as it functions today, has become completely dependent on container shipping to succeed. 95% of all manufactured goods in the world arrive at their destinations courtesy of this massive industry. But despite the growing reliance on container shipping, there’s one industry-wide problem that remains to be solved: the repositioning of empty containers. Unfortunately, one out of three containers being moved is empty — estimating around 60 million empty container moves per year at an annual cost of $20 billion to the industry. Apart from the enormous profit wastes, these empty containers are also come at a big cost to the environment, due to the extra fuel consumption, congestion, and shipping emissions.