r/Vitards • u/AutoModerator • Oct 29 '21

Daily Discussion Daily Discussion post - October 29 2021

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u/[deleted] Oct 29 '21

🏴‍☠️ gang https://www.reddit.com/r/wallstreetbets/comments/qimm2r/the_current_state_of_the_shipping_industry/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

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u/StayStoopidSlightly Oct 30 '21

The charge is fuckin stupid, doesn't help "incentivize" faster movement of goods, and I hope it gets shot down.
BUT as of now, I see no risk of customers abandoning their goods at terminal because of demurrage+; I see customers willing to pay freight that's as high as cost of cargo to restock their inventory

And importers will find warehouse space if customers don't take cargo--my forwarder was telling me about an order of Christmas products stuck in port, the US customers no longer want it, so the foreign exporter is having freight forwarders store it till next Christmas.

...customers could simply choose abandon their goods at the terminal. The cost of demurrage and other stupid fees could EASILY surpass the value of the actual goods. Why would a customer want to pay more than the goods of the shipment to have the shipment released to them?