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Carrier Behavior News

18 Jul 2022

U.S. Ports Have Highest Demurrage and Detention Charges in the World, Report Shows

Credit:  STOCKSTUDIO/AdobeStock

Container xChange's latest annual benchmark study of demurrage and detention charges recently showed that the ports in the U.S have the highest demurrage and detention (D&D) charges among the top 60 ports worldwide. Demurrage and detention tariffs have two main purposes: (1) compensating the shipping line for the use of its container and (2) encouraging the merchant to return the container as soon as possible for the shipping line to re-use it and have a fast turnaround. Demurrage is the charge that one pays for the use of the container within the terminal beyond the free time period.

25 Nov 2020

FMC Raises the Monitoring Report Requirements for Global Carrier Alliances

FMC Chairman Michael Khouri. Photo: FMC

Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly, must now be submitted on a monthly basis.The Commission’s Bureau of Trade Analysis (BTA) has traditionally relied on a combination of individual vessel operator confidentially provided data and information from commercially available industry data to monitor and analyze container carrier freight rates and service market trends.

05 Apr 2012

Container Index Shows Large Hike in Asia-to-Europe Rates

London - Today’s Shanghai-to-Rotterdam container freight rate assessment from the World Container Index (WCI), a joint venture between Drewry and The Cleartrade Exchange, shows that container freight rates in the westbound Asia-Europe corridor increased by 28 percent this week, adding upwards pricing pressure on shippers only one month after the previous large rate increases. The World Container Index’s Shanghai-Rotterdam container freight rate sub-index went from $2,654 per 40-foot container on March 29 to $3,408 per 40-foot container on April 5, a rise of $754 per feu. Carriers in the key Asia-Europe head haul trade had announced General Rate Increases (GRIs) of about $400 per teu (or $800 per 40-foot container) from April 1.