FMC detention and demurrage claims surpass $67 million

Posted on June 3, 2024   |  

Shippers are seeking $67 million in claims through the Federal Maritime Commission (FMC) over unfair detention and demurrage (D&D) charges, following a law change two years ago.

A total of 38 claims have been lodged against carriers and forwarders, with Bed, Bath & Beyond, now bankrupt, filing the largest claim of over $31 million against carriers like Evergreen, MSC, and Yang Ming.

Giti has filed a claim for $12.3 million, while Peloton has lodged claims for unspecified millions against Flexport.

Major carriers such as CMA CGM, Cosco, Hapag-Lloyd, ONE, and OOCL are also facing claims, with Cosco receiving three claims of over $1 million each from shippers including Samsung.

Nine additional claims have been filed with no specified amounts.

Project 44 has launched a new Detention & Demurrage Optimisation system to help shippers understand real-time risks and incurred D&D costs.

This new technology aims to provide shippers with better insights into expected charges, helping to prevent future disputes.