Rising Sea Levels – An Impending Threat to Ocean Freight?Sep 9, 2019
For the ocean shipping industry one of the most promisingly positive side effects of global warming and melting Arctic ice is the prospect of new shipping lanes opening up through the previously frozen north.
Effectively Managing Demurrage and Detention CostsApr 3, 2019
How to Avoid Demurrage and Detention Charges while Managing Container Free Time Effectively? Planning your allotted container free time can be challenging. Free time usage is rife with in-transparency and guesswork, and up to now, it has been one of the most difficult expenses to manage effectively. Demurrage charges are incurred when your cargo stays […]
Storage, Demurrage and Detention – a definitionSep 6, 2017
Many people are confused by the terms “storage”, “demurrage” and “detention”. It can be frustrating to receive your freight invoice and not understand all the charges. Therefore, this article aims to define these terminologies. Storage Storage means compensation for port usage or terminal depot or inland container yard facilities. This charge is levied by the […]