The BBC “Box” Making Its Way Across the US
BBC’s “The Box”, the year long experiment that explores globalization and world trade, has made its way into the States via the Port of Los Angeles. According to the BBC website, the box arrived in Los Angeles on Wednesday full of consumer goods including tape measures and fashion accessories. The Box is continuing its journey on rail to New Jersey via Chicago.
The Box’s trip started in Southampton, UK last September, transporting Scotch Whiskey to Shanghai. During that first voyage, the Box passed through the pirate infested waters of The Gulf of Aden. gCaptain has actually received unconfirmed reports that a group of pirates did board the vessel and searched the cargo, but was quickly released when no rum was found.
In all seriousness BBC tells of the real problems facing The Box:
But the biggest challenge has come from the meltdown in the world economy.
For instance, the charter rates for container ships have plummeted by as much as 60% or more.
A few years ago shipping companies in South Korea, Italy or Scandinavia were enjoying an unprecedented boom.
There simply wasn’t enough capacity to ship all the cars, washing machines and lap top computers the world was snapping up.
The shipping companies built new ships, more expensive and bigger then ever before – now they don’t need them.
For now we are just going to watch and see where the Box will be headed next. By they way, a FREE gCaptain t-shirt goes to the first reader to send us an ORIGINAL picture of the Box in the US.
Related Articles:
Mike Schuler
After graduating the Catholic University of America in 2005 with a B.S.B.A. in Finance, Mike went on to Tahoe to help with the launch of gCaptain's sister site, UnofficialNetworks.com. In June of 2008 Mike joined gCaptain.com as the first full-time employee in charge of the day-to-day operations of gCaptain.com and Unofficial Networks, LLC.
Post A Comment
News
- Australian Warship Busts Drug-Runners in Northern Arabian Sea
- World’s Largest Offshore Wind Farm Opens Off the British Coast
- Horizon Reliance Responds to High Seas Distress Call, Rescues Family of Three [VIDEO]
- Jensen to Design Custom “Super Pumper” Fireboat for City of San Francisco
- By the Numbers: How Much Does Somali Piracy Cost? [REPORT]
Forum- Petrobras Approves 26 Rigs for 15-year contracts with Sete and Ocean Rig rob
- Trouble with working in Africa - VIDEO Mikey
- Dome vs. Open Array Radar CaptChris878
- Just A Test - Looking For Hydrostatic Releases john
- MSC: BUC increase USA to S. America West Coast, Central America, Caribbean rob
- MSC: BUC increase from Canada to S. America West Coast, Central America, Caribbean rob
- MSC:GRI Announcement on cargo from the West Mediterranean and Adriatic - Red Sea rob
- MARKET TALK: Daiwa Upgrades SembCorp To Outperform From Hold rob
- Tanker Market Update - Knightsbridge Tankers [REPORT] rob
- CBP Regulations Pertaining to Escopeta Oil Fines RichMadden
Subscribe
Click HERE for gCaptain’s free daily newsletter.Find Us On Google+








