Correlation between demurrage, detention and freight rates

shipping and freight questions

Demurrage and Detention – two terms that may be at the top of the most controversial charges levied by shipping lines..

While shipping lines may consider demurrage and detention a necessary evil, importers and exporters around the world may beg to differ..

A question that one of the readers raised was

Is there a correlation between demurrage and detention and freight rates..??

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Executive Insights : Steve Walker talks to us about freight forwarders and technology

executive insights - steve walker - shipping and freight resource

The movement of goods over great distances using ships has been carrying on for many centuries.. Many things have changed in the shipping and freight industry over the years, but some things have not..

Today’s business environment is facing a lot of instability whether it is in the form of Brexit, trade tariffs, highly volatile freight rates or new maritime policies..

Now, more than ever, the industry needs people with experience and knowledge to help steer the new generation through the troubled waters..

People who have been there and handled shipping the vintage way but know much more than a thing or two about the modern shipping industry..

As part of our Executive Insights series, we caught up with Steve Walker, a consultant and adviser to many BCOs, freight forwarders and online freight companies..

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Key benefits of GPS and IoT systems for the freight industry

logistics technology - shipping and freight resource

In many ways, the transport industry is the backbone of human society. Various forms of transportation have been used for travel and trade since the 1800’s, by water, rail, road and air.

Today, almost everything we use, eat or drink is transported by vehicle and delivered to our doorstep or a nearby shop, and public transportation is essential in our societies for transporting people between home, work and school.

To ensure a seamless operation when delivering goods or moving people, transport enterprises have to manage hundreds or even thousands of vehicles at once.

Precision, efficiency and productivity are essential. Luckily, there are technological advances to help overcome many of the daily logistical challenges.

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8 tips to reduce freight forwarding expenses

cost savings

If you use shipping services often, price may definitely a very important factor for you. Especially if you own a business that includes constant freight forwarding. People often think that the way carriers ship the freight are pretty much fixed and cannot change.

But just because everyone is used to the standard freight shipping ways and expenses, it doesn’t mean that is the only way. Luckily for you, there are many ways to reduce freight forwarding expenses.

Here are 8 tips to reduce freight forwarding expenses. Follow these steps and start implementing the changes that will help you today.

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Shipping Jargon : Street Turn

shipping and freight news - shipping and freight resource

There is a new shipping jargon in town and it is called Street Turn.. It is a charge about to be implemented by a few of the shipping lines..

This has the shippers up in arms with some terming it as insane, appalling and a huge mistake.. Read about it here and join a short poll on what your opinion is about the street turn..

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Fake goods and a freight forwarder’s liability

case study - shipping and freight

Freight forwarders are an integral part of the supply chain and global trade, involved in handling goods using all modes of transport (sea, road, rail and air)..

However, many people are still unaware of Who is a Freight Forwarder and their role in the whole chain.. There is no one simple and quick explanation as to who is a freight forwarder and what they do..

In the most succinct and layman terms, a Freight Forwarder is a multi-function agent/operator who undertakes to handle the movement of goods from point to point on behalf of the cargo owner..

The essence of freight forwarding is to ensure that the cargo is picked up from the seller and delivered to the buyer at the required place, at the right price, and in the same condition that it is picked up from origin using the most suitable resources and routing possible..

Freight Forwarders however sometimes face situations which holds them liable merely due to them representing customers or handling shipments on behalf of customers..

Here is a real life example from Singapore..

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Difference between a Freight Forwarder and NVOCC

difference between nvocc and forwarder

NVOCC and Freight Forwarder are entities that many customers use for the movement of their cargo around the world.. Is there a difference between a NVOCC and freight forwarder..??

Let us explore in this article..

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How does demurrage, detention and port charges work..??

demurrage, detention, port charges

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges..

Let me explain how demurrage, detention and port charges work..

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Pros and Cons of a Consol Box

consol box

In the course of business you might have heard of the term “Consol Box“.. In this article we look at what a consol box is, how it works and the pros and cons of a consol box..

A Consol box is considered by many as a simple way to get shipments to their destinations cheaply and efficiently..

As a customer, you need to understand the way consolidation works and the options that are available for the proper planning, execution and delivery of goods to the destination..

As with any activity there are Pros and Cons of using a consol box which is discussed below..

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Executive Insights: FreightHub Co-Founder Michael Wax on online freight forwarding

We talked with FreightHub co-founder Michael Wax about What his company is doing to establish itself as an active partner to shippers, and what the ideal forwarder-shipper relationship should look like.

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Executive Insights: PhishTrain Co-Founder Jake Sylvestre on mitigating risks in logistics

New technology has opened users up to cybercrime, thanks to security loopholes, lack of training, or sometimes both. We chatted with PhishTrain Co-Founder Jake Sylvestre about how managers should think about security, and what steps they can take to protect their clients, their reputations, and ultimately, their bottom line.

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How to ensure profitability in sea freight shipment..

profitability in sea freight shipment - shipping and freight resource

Profitability in sea freight shipment is not a myth or a unicorn.. It is very possible.. Read how..

It is not a secret that ocean transportation and logistics is currently confronting immense change in terms of new technology, new markets, rising customer expectations, and new business models..

There have been a few articles on this blog about these advances like Blockchain based Bill of Lading, and other technologies that are shaking up the freight industry .. There are many ways the industry could develop to meet existing and new challenges, some of which are evolutionary and others are more revolutionary..

While cargo transportation is generally a complex business, in some cases it could be straightforward as well depending on how you manage it.. It is also a fact that in this high paced business environment it is not easy to follow every market trend and find answers on how to tackle the prevailing challenges easily..

Each customer and each shipment has its own issues, peculiarities, problems and characteristics.. But the main question that several shippers and services providers ask is “How to ensure profitability in sea freight shipment”..

More often than not, exporters, importers, carriers and logistics service providers experience loss due to poor planning, decision making and implementation..

A lot of people get into the industry sometimes without knowing even the basics relating to the business, the specifics relating to the business, the requirements and some of the vital information that can make or break the business.. I have even written a Beginner’s Guide to Importing for those who wanted to get into the importing business but didn’t know how..

Here are 11 steps you can follow to ensure profitability in sea freight shipment..

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Where Brokers Fit into the Future of Freight

Information article

Freight brokers are a traditionally integral part of the freight marketplace but often find it difficult to clearly see where they fit in amongst the waves of change now and in the years ahead. In this article we see where brokers fit into the future of freight..

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A freight forwarder’s liability on uncleared cargo – live case study

Opinion

Here is a live case study about a freight forwarder’s liability on uncleared cargo where the shipping line is holding the freight forwarder liable for an uncleared cargo even though the delivery order has been issued..

Share your opinion on the same..

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6 Simple Ways to Optimize Your Freight Shipments

6 Simple Ways to Optimize Your Freight Shipments..

Shipping precious products from place to place is not often an easy task, especially when considerations like cost, time, location and safety all combine to make choosing ideal routes and shipment methods a complex feat.

This guest post reveals 6 Simple Ways to Optimize Your Freight Shipments..

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