fiata-federal-maritime-commission

Demurrage charges double, says FIATA

Demurrage and detention charges have doubled, resulting in complains across the US, Europe and Asia, reports the FIATA international forwarder group. Schedule reliability in the face of the Covid pandemic are now at an all-time low resulting in a total absence of predictability, whilst freight rates are at record high levels, it says. FIATA adds that freight forwarders and their customers – many of whom are small and medium-sized enterprises – are ... [+]