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All six marine terminals in the Port of New York and New Jersey are reducing the number of days they allow containers to be stored for free. Five of the six terminals, which belong to the New York Terminal Conference, said that as of June 1, free time would be reduced from five days to four on both import and export containers.
In addition, they have either raised or will raise their demurrage fees for storage after the free time runs out.
In raising their demurrage charges, the five terminals are following the lead of Maher Terminals, which is not a member of the conference. Maher is also cutting free time to four days from five for general cargo import containers, and to two days on reefers as of May 1. But it had already raised demurrage charges on containers after free time runs out as of March 15.
As of May 1, the Terminal Conference will increase demurrage charges for both import and export containers of all sizes that remain on the terminals after the expiration of free time for one to four days to $45 per day. The charge for containers left on the terminal for five to nine days after expiration of free time will be $95 per day. The demurrage charge from 10 days on will be $245 per day.
Maher Terminals had already increased its demurrage to these levels as of March 15.
The five terminals that belong to the New York Terminal Conference are American Stevedoring; Global Terminal and Container Services; New York Container Terminal; Port Newark Container Terminal, and Universal Maritime Service Corp., which is part of APM Terminals.
Ocean carriers of the Transpacific Stabilization Agreement will raise the Panama Canal surcharge from $115 to $165 a box, effective May 1. The increase reflects a change in the way the Panama Canal Authority assesses its fees for container vessels, resulting in higher charges to carriers, a spokesman for TSA said.
In an effort to maintain consistency with the industry standard for Fuel Surcharges, FMI announced today they would adjust their Fuel Surcharge Tables, effective April 15, 2005. The changes were made after careful review of tables for several other line haul and local trucking companies. The tables are based on the Department of Energy’s National Fuel Price Index and apply either a “per mile” surcharge for line haul moves, or a “percentage” surcharge for local trucking. For more information, please contact your local FMI sales representative.
©2005 FMI International