Govt to intervene as brokers face US$25,000 daily demurrage fees at local ports

The government will seek to address a growing issue at local ports, where brokers are facing demurrage fees of up to US$25,000 per day. Demurrage is a penalty charge imposed by shipping lines on cargo owners when containers are not picked up from port terminals within the allotted “free time.” At ports in Guyana, that […]