Cradle-to-cradle passport in container shipping industry on weekly gupshup with Circular Collective | Ep. #29

<p>On March 23, 2021 the container ship Ever Given caught global attention when it rammed into the side walls of Suez Canal. This incident brought to light the vulnerabilities and dependance of global trade on shipping lines. It reassured the world on the importance of containerized ships in maintaining the pace of our global supply chains today.</p> <p>There are many ways to get goods from one place to another.</p> <p>Planes are fast-no doubt, trucks are precise, and maybe trains are efficient.</p> <p>However water is by far the cheapest and that’s why our global economies depend heavily on it.</p> <p>There are no roads to build, or intersections to stop at..wait wait wait-unless it is a rare occurrence like the trending Suez canal blockage.</p> <p>Some of the biggest container ships in the world are manned by just 13 crew members.</p> <p>Also you may find it interesting that ships may burn 400 tons of bunker fuel per day, which at current prices, amounts to nearly $200,000 in a single 24 hour period. For me, the beauty of container ships is their ability to conveniently deliver goods, regardless of “WHERE”.</p> <p>Now that we know the importance of containerized ships..let me tell you, shipbuilding is a complicated process which involves several departments working together to build a vessel which is not just seaworthy but is also equally efficient in terms of both operations and economics. <strong>FUEL &amp; STEEL </strong>are the major commodities that global shipping industries are currently reliant on. Steel comprises roughly 98% of the volume of a container ship therefore a reliable supply of low-cost steel is extremely important for a fleet owner. Also the average lifespan of modern container ships fall somewhere between 10-16years.</p> <p>Last year, Danish international container shipping company- <a href="https://www.maersk.com/">Maersk Line</a> announced their vision to be known as the industry leader based on their efforts to drive superior sustainability performance in global supply chains.</p> <p>Th