North American ports are the costliest in the world in terms of demurrage and detention. The top 3 being New York, Oakland, and Los Angeles.
This is according to the findings of the fourth annual edition of ‘Demurrage and Detention Charges benchmark report 2023′ published by the neutral online container logistics platform, Container xChange.
The report focuses on the ongoing debate surrounding demurrage and detention charges, which has captivated the attention of industry leaders, particularly due to potential regulatory changes by the US Federal Maritime Commission (FMC).
These changes could significantly impact carriers, shippers, and global shipping practices.
The annual report running in its fourth year by Container xChange, ranks 65 international ports based on their demurrage and detention fees in 2023 and also ranks shipping lines based on their average global fees.
North American ports top the list of highest D&D charges, while Busan, Jeddah and Piraeus offer the lowest fees.
Key takeaways from the report include:
Average D&D charges drop by 25% YoY globally, and even 14% lower than 2020. This is looking good for shippers – and seems like things are going back to normal.
Still, 11 ports exhibit D&D fees that are higher than in 2020. These include Antwerp, Jebel Ali, Ningbo, Port Kelang, Rotterdam, Shenzen, Singapore, Tianjin, Xiamen, Hong Kong and Guangzhou.
North American ports are the costliest in the world in terms of D&D. The top 3 being New York, Oakland, and Los Angeles.
The ports with the lowest D&D charges after 2 weeks are: Busan, Jeddah and Piraeus.
On average, the shipping line that charges the lowest late fees globally is ZIM, while CMA CGM charges the highest.
But this differs per region. For example, in North Asia, ZIM charges the highest and Yang Ming charges the lowest.
Source: Container xChange
Feel free to please download the report from here
