
The Shipping Man

The British Transport Docks Board, the government’s oversight agency, turned to consultants McKinsey & Company for advice. McKinsey predicted that container shipping would quickly consolidate around a few companies using gigantic ships carrying standardized containers. Ports, it said, would need to be very large to gain economies of scale in tr
... See moreMarc Levinson • The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger - Second Edition with a new chapter by the author
Into the Raging Sea: Thirty-Three Mariners, One Megastorm, and the Sinking of El Faro
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These waterfront realities meant that shipping was a highly labor-intensive industry in the postwar era. Depression and war had sharply curtailed the construction of privately built merchant vessels since the 1920s, so ship operators had little capital invested in the business.
Marc Levinson • The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger - Second Edition with a new chapter by the author
Malcom McLean’s shareholding, representing 88 percent of McLean Industries’ common stock, was wiped out, and he and his son Malcom McLean Jr., a vice president, were ejected from the management. Thousands of people lost their jobs.23 “Malcom never got over the U.S. Lines bankruptcy,” a longtime associate said later. He went into seclusion, shunning
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