Shipping Industry Faces Rising Demurrage Costs in Voyage Charters
This article explores the concept of demurrage in voyage charters and related legal terms, emphasizing the calculation rules and the impact of non-working days.
Distinguishing Between Free Demurrage and Free Detention
The concepts of free storage period and free container period are crucial in shipping. The free storage period refers to the timeframe during which containers can be stored at the terminal or yard without charge, while the free container period is the duration that the cargo owner can use the container for free. For imports, the common total of free storage and free container periods is 14 days, while for exports, it is usually 7 days.
Thailands BKKBTHBKTRD SWIFT Code Key for Global Transfers
Learn about BANGKOK BANK's SWIFT code BKKBTHBKTRD to ensure the accuracy and safety of international remittances. This bank, located in Bangkok, typically completes fund transfers within 3 business days.
Challenges Faced by Publicly Listed Port Companies
Multiple listed companies in the port industry have reported poor performance in their semi-annual reports. Rizhao Port experienced a 15.74% year-on-year decline in revenue and a 40% reduction in net profit. Xiamen Port saw a slight revenue drop, but its net profit, after excluding non-recurring gains and losses, plunged by 13.82%. Jinzhou Port is similarly challenged by low coal prices and a sharp decrease in grain turnover. These factors have severely impacted the operations and performance of port companies, raising concerns about the industry's outlook.
Lanzhou to Hamburg, Germany: Successful Maiden Voyage of the China-europe Railway Express
On August 21, the Lanzhou Railway Bureau successfully launched its first China-Europe international freight train from Lanzhou to Hamburg, Germany, reducing transport time by 15 days compared to sea freight. The train covers a distance of 8027 kilometers and operates in about 15 days with 42 cars. This project leverages the geographical advantages of the Lanzhou railway hub, promoting the development of international logistics brands. Starting from August 29, it plans to operate regularly on a weekly basis to boost regional economic development.
Hang Seng Bank Launches Secure Crossborder Transfer Service
Use HASEHKHHSVM to ensure secure and swift transfers to HANG SENG BANK. Cross-border transactions are made easier, with funds arriving within 3 days, making your international remittance experience simple and worry-free.
Intesa Sanpaolo SPA SWIFT Codes Guide Secure Transfers
The SWIFT code for INTESA SANPAOLO SPA is BCITITMM 029, located in Frosinone, Italy. Fund transfers typically take 3 business days, and ensuring the SWIFT code is correct can significantly reduce transfer risks.
DHL Expands Hong Kongchina Trucking Services
DHL launches LTL (Less-Than-Truckload) trucking services from Hong Kong to mainland China, offering a land transportation solution with near-air freight speed but lower costs. It's ideal for small-batch shipments, addressing the pain points of high air freight costs and slow sea freight times. Delivery to Shanghai takes 4 days, while Chongqing and Beijing take 7 days, ensuring strong stability. This service provides an ideal choice for businesses seeking to reduce costs and improve efficiency by offering a reliable and cost-effective alternative for cross-border shipments.
Understanding Free Detention in Ocean Freight Containers
The free container period allows cargo owners to use containers without charge. If the period is exceeded, fees apply. This period is typically 7 days but may be extended upon request to manage logistics effectively.
Turkiye Is Bankasi Expands Crossborder Payments Via SWIFTBIC
TURKIYE IS BANKASI A.S. offers convenient international remittance services, with a SWIFT code of ISBKTRIS ISP. When remitting to France, $10,000 can be exchanged for €8,450, with a processing time of approximately 3 business days.