A Container Owner is someone who owns the container that they provide to the various customers. This container owner could be either a Shipping Line or could be a Container Leasing Company. The party who has legal and financial control of a shipping container. The owner has the right to lease, sell or dispose of the unit. The container owner then uses these ships to provide liner services on various routes and pay charter rates to the ship owner based on the Charter Party.
A container owner is the owner of a merchant vessel (commercial ship) and is involved in the shipping industry. In the commercial sense of the term, a shipowner is someone who equips and exploits a ship, usually for delivering cargo at a certain freight rate, either as a per freight rate (given price for the transport of a certain cargo between two given ports) or based on hire (a rate per day)
A Shipping Line is a company that operates the ships that actually carry the containers (owned or leased) and cargo from load port to discharge port. A Shipping Line is a company that operates the ships that actually carry the containers (owned or leased) and cargo from load port to discharge port.
Shipping lines plays role of providing containers for domestic and International trade in the form of carriage of domestic cargo in international containers. In globalization, shipping industry is shrinking the world. It is bringing countries and population close together and making them more independent. It is also providing easy access to markets abroad.
Shipping lines makes shipment more competitive and competition means more efficiency and improvement in the service, which enabled the importers/exporters to enter into the global market.
Shipping Lines have succeeded in quietly becoming one of the most important foundations of global trading.