'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
Concern about the widespread application of detention and demurrage charges has led the British International Freight Association to call for governments around the world to adopt the US Federal Maritime Commission’s position on the fees.
BIFA said it was joining a call from The International Federation of Freight Forwarders Associations (FIATA) for governments to support the key considerations laid out by the FMC in its Final Rule on Demurrage and Detention, adopted in May following a six-year investigation.
However, the FMC today ...
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