Day: January 21, 2022

IMF: Cost of COVID pandemic may rise beyond $12.5tr estimate

Business Transport January 21, 2022 IMF: Cost of COVID pandemic may rise beyond $12.5tr estimate2022-01-21T08:19:06+01:00 No Comment

The International Monetary Fund IMF expects to raise its forecast that the COVID-19 pandemic will cost the global economy $ trillion through 2024, the head of the global lender said…

Shippers challenge container line demurrage fees in US courts

Business Transport January 21, 2022 Shippers challenge container line demurrage fees in US courts2022-01-21T08:10:19+01:00 FOREIGN No Comment

Shippers are set to challenge “disingenuous” shipping lines to claw back demurrage fees at Los Angeles and Long Beach Ports. Cash-rich container lines are facing a backlash from disgruntled shippers…

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