Word: containerization
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RUTH STAFFORD HAD BIG PLANS THIS year for Kiva Container Corp., a fast-growing maker of corrugated packing boxes whose sales jumped 15% in 1994. But when business began to stall in recent weeks, Stafford had to think again. She put off spending $500,000 on new equipment and adding...
But other companies and investors in the U.S. were worried about how the quake would affect their networks. The main risk is in the near collapse of a major export center and container port. Kobe handled 2.7 million containers a year; it was the hub for 31% of all shipments...
The magnitude of Kobe's damage will surely divert large amounts of money from other Japanese projects. Said Mark Brown, a construction-industry analyst for BZW Securities in Tokyo: ``Big damage doesn't necessarily mean good news for construction companies. It's certainly no cause for dancing in the streets...
What had been a bustling anchorage for container ships tended by towering cranes on rails turned in a moment into a deflated souffle. Much of the ground fell by a meter, judging by one grating that hung skewered atop a drain pipe high above the sunken surface. Worst of all...
The quake had clearly wrought damage on a grand scale to a port that handled 2.7 million containers last year, including 31% of all exports to the U.S. While shipping lines rerouted their cargo via other ports, Kobe-area manufacturers of products from steel to flat-panel computer displays studied...