A study by Sea-Intelligence Maritime Analysis estimates shippers have lost up to US$10 million stemming from cargo delays over the past two years. Measuring schedule reliability from the perspective of cargo being moved, data by Sea-Intelligence shows that pre-pandemic, the baseline level of cargo arriving late was at 20% but had increased to […]
Read MoreThe Federal Maritime Commission (FMC) has provided an additional 30 days for public comment on the Advance Notice of Proposed Rulemaking (ANPRM) on Demurrage and Detention Billing Requirements. interested parties now have until April 16, 2022 to file comments with the Commission. The Commission initiated the ANPRM to gauge if a new rule governing demurrage and detention […]
Read MoreWith the pressure on equipment capacity showing no sign of abating, freight forwarders are increasingly turning to “shipper-owned containers (SOCs)” to minimize the risk associated with port congestion and potential penalties, amid Covid-induced supply chain dysfunction. The top 50 forwarders accepting SOC requests had risen sequentially from 6% in 2019 to 18 % in 2021, […]
Read MoreThe global seaborne commodities trading map continues to be redrawn at a blistering pace in the wake of the Russian invasion of Ukraine two weeks ago. Yesterday, the United States announced a ban on Russian oil and other energy imports. “We’re banning all imports of Russian oil and gas and energy,” President Joe Biden said […]
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