Revised terminal leases give PANYNJ cut of CMA CGM’s demurrage revenue
The Port Authority of New York and New Jersey said the new leases attempt to “strike a balance” to reflect current market realities, but other MTO sources called the practice of sharing demurrage uncommon.
The Port Authority of New York and New Jersey said the new leases attempt to “strike a balance” to reflect current market realities, but other MTO sources called the practice of sharing demurrage uncommon.