The present invention is a shipping container adapted to isolate and extinguish a fire within the container, the container comprising a container body having a bottom, an interior wall defining an internal region, an opening into the internal region, a cover positionable over the opening, an insert or liner provided within the container and at a fixed distance from its interior wall, the insert having apertures extending therethrough, the region between the container's interior wall and bottom and the insert containing a free-flowing expanded glass granulate having fire insulating, fire suppressing and smoke absorbing properties.