Maritime Industry Grapples With Rising Demurrage Costs

Maritime Industry Grapples With Rising Demurrage Costs

This article analyzes the meaning of "On Demurrage" in voyage charters and its relationship with demurrage charges. Demurrage fees are costs incurred by the charterer for exceeding the loading and unloading period specified in the contract, usually calculated on a daily basis. The contract outlines the conditions for entering a state of demurrage, which varies in terminology across different countries. Additionally, it explores the distinctions between demurrage in voyage charters and container transport.

07/28/2025 Logistics Encyclopedia
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Best Costa Rican Coln Exchange Rates for Remittances

Best Costa Rican Coln Exchange Rates for Remittances

This article offers expert advice on selecting the best Costa Rican colón exchange rate, emphasizing the importance of comparing different remittance service providers. It provides a detailed discussion of the advantages and disadvantages of various remittance methods, helping users maximize the value of their funds during the remittance process.

09/08/2025 Exchange Rate Query
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Shipping Agencies Play Key Role in Global Maritime Logistics

Shipping Agencies Play Key Role in Global Maritime Logistics

This article provides an in-depth analysis of the role and functions of shipping agencies, highlighting their crucial role as the 'general manager' for shipping companies. It details the differences between shipping agents and freight forwarders, emphasizing the importance of shipping agencies in the shipping value chain. Furthermore, it offers practical advice for readers on selecting the right shipping agency to help improve shipping efficiency. This guide aims to clarify the distinctions and benefits of utilizing a competent shipping agency.

09/26/2025 Logistics Encyclopedia
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Amazon Stock Plunges After Q3 Revenue Miss AWS Slowdown

Amazon Stock Plunges After Q3 Revenue Miss AWS Slowdown

Amazon's Q3 earnings revealed revenue growth but a significant profit decline, with AWS growth slowing down, leading to a sharp drop in stock price. Market concerns revolve around macroeconomic headwinds, increased competition, rising operating costs, and declining investment returns impacting Amazon's future growth. Despite these challenges, Amazon still possesses e-commerce potential, long-term AWS growth prospects, and opportunities for new business expansion. Investors need to reassess Amazon's value, focusing on its transformation and growth initiatives.

01/06/2026 Logistics Industry Insights
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DHL Enhances Retail Supply Chains with Streamlined Customs Clearance

DHL Enhances Retail Supply Chains with Streamlined Customs Clearance

DHL Global Forwarding introduces an integrated customs clearance service designed to help retailers navigate US import challenges. By consolidating freight batches, the service simplifies the clearance process, reduces costs, and improves efficiency and compliance. Leveraging DHL's robust global network and expertise, it provides customers with end-to-end solutions, empowering retailers to stand out in a competitive market, especially during peak seasons. This streamlined approach helps businesses manage complex import regulations and optimize their supply chain for faster and more reliable delivery to US consumers.

01/15/2026 Logistics
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8 Effective Techniques for Freight Forwarders to Improve Cargo Acquisition

8 Effective Techniques for Freight Forwarders to Improve Cargo Acquisition

This article summarizes eight key techniques for freight forwarders to enhance cargo acquisition efficiency. These include treating customers sincerely, establishing pricing advantages, consistently focusing on customers, maintaining good customs relationships, improving document capabilities, building strong ties with shipping and insurance companies, and identifying potential clients. Through effective communication and service, freight forwarders can gain a competitive edge in a fierce market.

07/21/2025 Logistics
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Choosing The Most Suitable Logistics Transportation Method Optimize Your Logistics Needs Among Diverse Options

Choosing The Most Suitable Logistics Transportation Method Optimize Your Logistics Needs Among Diverse Options

This article summarizes four main transportation modes—maritime, road, air, and rail—highlighting their respective advantages and disadvantages to assist businesses in making optimal choices in a constantly changing global logistics environment. By flexibly utilizing different modes, companies can not only optimize costs and delivery times but also enhance operational efficiency and customer satisfaction.

07/23/2025 Logistics
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PSA Hainan Port Boost Maritime Supply Chain Efficiency

PSA Hainan Port Boost Maritime Supply Chain Efficiency

The Singapore Port Authority has signed a memorandum of understanding with Hainan Port International to enhance connectivity between Singapore and Yangpu Port. This initiative aims to improve logistics efficiency between South China and Southeast Asia, thereby promoting regional economic growth.

08/07/2025 Logistics
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