{"id":8840,"date":"2013-05-19T12:00:47","date_gmt":"2013-05-19T16:00:47","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=8840"},"modified":"2013-05-19T00:40:34","modified_gmt":"2013-05-19T04:40:34","slug":"how-cargo-containers-shaped-the-modern-world","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/how-cargo-containers-shaped-the-modern-world\/","title":{"rendered":"How Cargo Containers Shaped The Modern World"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/05\/051913_0354_HowCargoCon1.png\" width=\"640\" height=\"445\" \/><\/p>\n<p>The humble shipping container \u2013 the large boxes that transport cargo across borders by ship, train, and truck \u2013 is responsible for unprecedented wealth in the world writes The Economist:<\/p>\n<ul>\n<li>Before shipping containers, longshoremen would load cargo of differing size onto ships in what was essentially a giant game of tetris.<\/li>\n<li>This was so slow that ships spent more time tied up than they did actually traversing the oceans. There was also a significant amount of theft \u2013 a longshoreman&#8217;s pay was said to be $20 a day and all the Scotch they could carry.<\/li>\n<li>The man who invented containers found that it brought down costs from $5.83 a tonne to $0.16 a tonne \u2013 a decline of 97%.<\/li>\n<li>With the decrease in the ease and likelihood of theft, insurance rates for shipping cargo also fell.<\/li>\n<li>According to one study, the use of containers leads to a 320% increase in bilateral trade after the first five years and 790% after the first 20. This means that container shipping is more effective at promoting trade than any free trade agreement.<\/li>\n<\/ul>\n<p>Read more about the power of the shipping container, the benefits it produces, and how those benefits are transmitted over <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21578041-containers-have-been-more-important-globalisation-freer-trade-humble\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/news\/finance-and-economics\/21578041-containers-have-been-more-important-globalisation-freer-trade-humble\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The humble shipping container \u2013 the large boxes that transport cargo across borders by ship, train, and truck \u2013 is responsible for unprecedented wealth in the world writes The Economist: Before shipping containers, longshoremen would load cargo of differing size onto ships in what was essentially a giant game of tetris. This was so slow [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/05\/051913_0354_HowCargoCon1.png","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=8840"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8840\/revisions"}],"predecessor-version":[{"id":8850,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8840\/revisions\/8850"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/8839"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=8840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=8840"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=8840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}