James Sherwood, the shipping tycoon who made his millions from ferries and containers but was better known for reinventing the Orient Express rail service, has died aged 86 of complications from abdominal surgery.

Sherwood, who was born in the US, set up his Sea Containers group in 1965 with initial capital of $100,000 after graduating from Yale University and leaning about container shipping from three years as a cargo officer in the US Navy, followed by six at US Lines and CTI.