The term 'SHIPPING GIANT' refers to two of the largest shipping companies in the world, UPS and FEDEX. UPS stands for United Parcel Service and is a global package delivery company based in the United States. It was founded in 1907 and has grown to become one of the world's largest package delivery companies. FEDEX, on the other hand, stands for Federal Express and is an American multinational courier delivery services company. Founded in 1971, it has become one of the world's largest express transportation companies. Both UPS and FEDEX are considered to be shipping giants due to their size and influence in the industry.