Sino-Global Shipping America (SINO)

[umiak]

I don't mean to sound cynical, I'm sceptical and therefore curious. Bulk has been containerized for a long time. Perhaps COSCO has found just the right tweak. NY Times 2006:

http://www.nytimes.com/2006/03/23/business/the-container-that-changed-the-world.html


2014 soy:

In the past, thousands of containers returned empty to their Asian ports of origin. However, shipping companies are recognizing the value of using these containers for U.S. soybean exports instead of sending them back empty. This approach provides a more efficient, environmentally friendly and profitable option for both the shipper and the customer.

From 2015 grain:

While some specialized grain products have been marketed in containers for decades, a more general
commercialization of the grain container market has occurred over the past several years. The U.S. grain
industry has for decades offered the container option to fulfill orders such as food-grade soybeans to Japan.
A wider use of containers for traditional bulk shipments such as feed-grade corn is a more recent
phenomenon. The increase in containerized grain shipments has resulted from market changes, as well as
industry investments that increase the visibility and viability of this option. For example, the grain industry
near Chicago, IL—America’s largest inland intermodal hub—has converted several small, local grain facilities
from bulk to container to take advantage of its proximity to a readily available supply of empty containers.