Before the late 1950s, the captain of a ship was confident that he knew what cargo was on his ship. He could easily watch the cargo being hauled over the gunwale and into the hold. The introduction of the container changed all that. Being loaded and then sealed miles from the port, the only evidence […]
Read moreOcean shipping companies around the world were shocked at the sudden collapse of South Korea’s Hanjin Shipping [HJSC] last year. Witnessing the world’s seventh largest container line go bankrupt; with a cargo worth US$14 billion stranded in ports and at sea; was a wake-up call for all freight companies. Repercussions Mergers will be on the […]
Read moreIn the international ocean shipping industry, delays happen. This results in a multitude of extra charges – including demurrage and detention. Demurrage is commonly referred to as port storage – loaded containers staying in the port – before vessel arrival or after vessel discharge beyond the time allowed or agreed upon’. In other words, port […]
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