What Are the Demurrage Charges at Major Sea Ports in USA? Demurrage Free Days Across the Largest Sea Ports in the USA- GoComet

What Are the Demurrage Charges at Major Sea Ports in USA? Demurrage Free Days Across the Largest Sea Ports in the USA- GoComet

In our series so far, we have covered “what are demurrage charges and how to avoid demurrage charges” besides talking about “new methods to reduce demurrage detention charges”. This article will discuss the number of free days available across all the major sea ports in USA that can be used to avoid paying hefty demurrage…

4 ways to minimize your detention charges through supply chain visibility

4 ways to minimize your detention charges through supply chain visibility

Do you know the average detention charges can reach up to $50-$100 per container per day and accrue up to 20 times the container’s value?  But what are these detention charges? When a ship is unloaded, free days are given to the consignee to unload the goods and return the container to the shipping company. If undertaking…

What are Demurrage Charges? 6 Factors Affecting Demurrage Costs – GoComet

What are Demurrage Charges? 6 Factors Affecting Demurrage Costs – GoComet

What are Demurrage Charges? Shipping lines either own or lease containers, which they give to their clients (shippers or traders) for secure and timely delivery of their merchandise. Because the cost of operating the container during door-to-door transportation is added to the shipment, shipping lines must turn their containers around as quickly as feasible. As…

Top 3 Pain Points Caused By Lack Of Supply Chain Visibility – GoComet
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Top 3 Pain Points Caused By Lack Of Supply Chain Visibility – GoComet

According to a recent study, 69% of companies do not have total supply chain visibility. Shippers face a daunting array of complicated difficulties or pain points when operating in today’s frequently volatile logistics and supply chain ecosystem. There are numerous potential sources of discomfort, but lack of visibility is the worst. So how can shippers…

4 Practical Ways to Reduce Logistics Transportation Costs – GoComet

Transportation is a significant part of the entire supply chain, and every company strives to reduce its transportation costs to maximise the supply chain ROI.  Transportation logistics costs are rising for several reasons today – top reasons including the geo-political tensions caused due to the Russia-Ukraine crisis and capacity shortage caused due to global port…

Shanghai’s Lockdowns are Affecting Asia, US, and Europe Supply Chains – GoComet
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Shanghai’s Lockdowns are Affecting Asia, US, and Europe Supply Chains – GoComet

China accounts for about 12% of global trade, and the country’s stringent COVID lockdown in Shanghai, home of the busiest container port, and other major cities across the country have snarled up the global supply chains. While the full impact of China’s lockdowns is yet to be felt, the action has caused factories and warehouses to…

3 Proven Ways To Avoid Demurrage And Detention Charges – GoComet

3 Proven Ways To Avoid Demurrage And Detention Charges – GoComet

Did you know that demurrage and detention charges can accrue up to 20 times the container’s value? With international shipping rates already soaring, any extra expenses incurred on top of the freight rate will take a bite of your margin. Today, the detention and demurrage charges easily exceed $100 per container per day. While D&D can be an…

Shanghai Lockdown Spell Further Supply Chain Disruptions – GoComet
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Shanghai Lockdown Spell Further Supply Chain Disruptions – GoComet

As China sticks to its zero Covid policy, a two-stage lockdown in Shanghai has created further fears of supply chain disruption. The Shanghai lockdown is causing ripples in a setting where severe port congestions, blank sailings, and increased freight rates are ongoing challenges that are yet to be resolved.   In light of disruptions created by earlier pandemic-related…

Russia Ukraine war – a shipping industry perspective
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Russia Ukraine war – a shipping industry perspective

Shipping as an industry is interconnected like no other!  As the Russian invasion of Ukraine extends into its fourth week, its effect on an already stressed shipping industry continues to hammer what is believed to be a long path of recovery.  In the last two decades, there has not been a time where the magnitude of the…