Delayed container ships cost shippers billion-dollar loss

The many delays which have hit container carriers’ ships in relation to Covid-19 cost shippers significant amounts in extra charges, writes Sea-Intelligence.

Photo: Finn Frandsen/pxff82114.jpg

Not only have customers – shippers – paid higher freight rates to have containers moved across oceans the last couple of years on the heated container market – they have also had to deal with extra charges.

Delayed container ships have day by day inflicted additional costs in the form of, for instance, extra charges for inventory days, show calculations by analyst firm Sea-Intelligence.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs