It's time to pay attention to marine terminology and all those maritime frequently asked questions no one dares to ask - until now.
The international shipping industry carries about 90% of the world's trade. Ships are technically sophisticated, high-value assets (larger high-tech ships can cost over $200 million to build). Because of its international nature, shipping safety is regulated by various United Nations organizations. In particular, the International Maritime Organization (IMO) has developed a comprehensive framework of global shipping safety regulations enforced worldwide.
Ready for some fun facts?
The engine of a large container ship weighs up to 2,300 tons and has about 1,000 times more power than a family car.
If all the containers on an 11,000 TEU ship were loaded onto a train, it would have to be 44 miles or 77 kilometers long.
An average year, a large container ship travels three-quarters of the distance to the moon. That means it will travel to the moon and back almost ten times in its lifetime.
A container of refrigerators can be transported from a factory in Malaysia to Los Angeles in just 16 days - a journey of about 9,000 miles or 14,484 kilometers. The cost of shipping a bicycle in a container from Thailand to the United Kingdom is about $10. The typical cost of shipping a DVD/CD player from Asia to Europe or the U.S. is about $1.50; a kilogram of coffee costs only fifteen cents and a can of beer cost a penny.