ONE forecasts operating loss after it saw Q2 profits sink
Confirmation that container shipping lines are operating in the red came today with the release ...
By Mike Wackett
Asia-Europe ocean carriers are cracking down on rogue shippers who incorrectly declare westbound booking container weights and make last-minute verified gross mass (VGM) amendments.
Misdeclared booking weights can cause the weight allocations of individual alliance partners to be exceeded, ships to shut out cargo, contracts to underperform and revenue to be lost.
For instance, Japanese carrier ONE said a $2,000 per container weight discrepancy charge (WDS) would be applicable from 1 July for bookings accepted on or after that date.
ONE said the ...
Comment on this article
Andrew Robins
June 29, 2022 at 1:36 amFinally a sensible argument from a carrier for a penalty fee, with which I would agree. I am surprised Shippers are still doing this with the weights of their goods.
Hans-Henrik Nielsen
June 29, 2022 at 6:29 amHow much is the penalty ?
Mike Wackett
June 29, 2022 at 7:16 amSorry Hans-Henrik / All
A schoolboy error!
ONE’s WDS (weight discrepancy charge) is $2,000 per container.