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What is Demurrage? Detention / Laytime / Despatch - Ennilogistics Here we are going to identify a special kind of penalty in the shipping industry that is called demurrage. An importer, exporter, freight forwarder, or any related party involved in the shipping industry should know about demurrage.

Top 10: The largest container lines in terms of chartered carrying capacity - Container News Container News presents the following list that includes the top 10 container shipping companies in terms of the TEU capacity of their chartered vessels.

CMA CGM opens call for projects over US$200 million to accelerate decarbonisation of French shipping industry - Container News The CMA CGM Group announced a call for projects of approximately US$218 million to step up the pace of decarbonisation of the French shipping industry.

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Capacity shortages see ocean freight rates rise again - Lloyd's Loading List Transpacific transit times have almost doubled in six months, reducing available capacity ex-China

Ocean freight capacity restoration ‘is key to crisis recovery’ - Lloyd's Loading List Growth this year in the transport of international goods has bypassed traditional scheduled containerised ocean freight services, as shippers found alternative means of getting their goods to market, new report highlights

CMA CGM offers incentives to ease congestion at California’s ports - Lloyd's Loading List Carrier says its early container pickup incentive programme at LA and Long Beach, which starts this week, could cost $22m, as LA and Long Beach delay again implementing Container Dwell Fee

Terminal ties ease congestion delays for lines - Lloyd's Loading List Container carriers with equity stakes in terminals are facing far fewer delays on the US west coast than those without, while for small opportunistic lines, the long delays are making transpacific shipping unprofitable

Importers and distributors bear the brunt of supply chain crisis - Lloyd's Loading List Global Shippers Forum boss asks if supply chain congestion and record ocean freight rates in 2021, which threaten the business viability of some shippers, are “a freak wave or a permanent rise in sea level”.

Container shipping reliability drops further - Lloyd's Loading List Vessel schedule reliability dropped M/M by 3.8 percentage points to 35.6% in July, down a massive 39.7 percentage points from last year, as the average delay for late vessel arrivals continued to deteriorate

Ocean freight rates up 85% on last year - Lloyd's Loading List Despite only a small rise in August, long-term contracted sea freight rates are expected to rise further, with container lines achieving record-breaking profits, according to Xeneta

Highest ever sea freight rates, lowest ever service quality: A customer perspective - Lloyd's Loading List A procurement manager at a major industrial company highlights some of the difficulties shippers face in the current extraordinary global freight markets

Maersk spends US$900m to buy e-commerce logistics firms in Europe and US - Lloyd's Loading List Acquisition of Visible Supply Chain Management for US$838m and intended acquisition of B2C Europe for US$86m by A.P. Moller-Maersk ‘will add business-to-consumer expertise to the company’s end-to-end logistics offering’

Ocean freight spot rates make further gains this week - Lloyd's Loading List Disparity in price indices brought into sharper relief by FBX re-calculation on Asia-US trade lane

DSV Panalpina posts strong H1, raises EBIT forecast - Lloyd's Loading List Strong demand, tight capacity and high rates to continue for remainder of 2021

Fight for volume allocation threatens higher contract rates next year - Lloyd's Loading List An early and extended peak season means there is little chance of rate relief this year, with the ocean supply chain working beyond its design capacity already and any disruption causing yet more congestion and delays, pushing up prices as desperate shippers try to secure slots

Shipper competition driving up ocean freight rates - Lloyd's Loading List Rates will keep rising while there is more cargo than capacity to ship it, with some cargo owners on long-term contracts and high volumes benefitting from their scale and gaining a significant competitive advantage

Demurrage and detention charges double in a year - Lloyd's Loading List Average D&D fees at the world’s top 20 container ports are up 104% compared to a year ago, new report finds, with shippers at Long Beach facing average fees of $2,638 two weeks after discharge, compared with just $132 at Busan

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Canada Border Services Agency | Agence des services frontaliers du Canada on LinkedIn: Discretionary (non-essential) travel restrictions between the United Discretionary (non-essential) travel restrictions between the United States and Canada will be extended to July 21, 2021. Learn more ➡️ http://ow.ly/mGad50FcQeQ...

Latest ocean disruptions ‘highlight fragility of JIT model’ - Lloyd's Loading List The continuing patterns of congestion, delays and capacity shortages, worsened in recent weeks by the problems in south China, require cargo owners to rethink their approaches to supply chain management, according to several freight and logistics industry insiders