Business
Maersk Group Waives Demurrage On Containers
In a move to reduce the number of long standing containers posing the risk of congestion at the nation’s seaports, AP Moller-Maersk Group subsidiaries in Nigeria, Maersk Line and Safmarine, have waived the demurrage paid on containers that have been in their premises for over one year.
The move is seen as a major step in getting the containers back into the global flow, besides reducing the longstanding containers with customers and minimising the risk of congestion at the ports.
The management of the two subsidiaries, in a statement signed by their media Adviser, Bolaji Akinola, said the firm has granted a 75 per cent waiver on all demurrage for containers that have been staying in the port or with the customers for over 365 days.
He quoted the Managing Director of Maersk Nigeria Limited, David Skov as saying that the offer will be valid till August 15, 2011.
According to him, “Maersk line and Safmarine will not be entertaining waivers for containers below 365 days, this is a specific and targeted drive to get these longstanding containers back, and will not be repeated. Customers who wish to benefit from this unique opportunity should visit their local Maersk Line/Safmarine office.
“A shipping line’s second biggest asset is its containers. Modern shipping theory dictates that for every space on a container ship, the shipping line needs three containers-one at the port of loading waiting for the next vessel, one on the vessel currently and one at the destination.
With the global use of slow steaming (an initiative to reduce fuel consumption and thereby the carbon footprint) this ratio has increased to four, meaning that for every space (slot) on a container vessel, a shipping line has to have four containers”, Skov said. It would be recalled that the last time the global container to vessel capacity was 3.1 was 11 years ago and it has been declining since and is estimated to reach 2.1 by the end of this year.
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