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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.

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