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The Problem With Demurrage
By Adrian Challinor, CEO, Osiris Consultants Ltd Demurrage is an issue that is necessary, but nobody likes. Simply put, it is a cost levied by the vessel owner when a vessel outstays...
South Korean coast guards take part in the rescue of a sightseeing ship near the island of Hong-do, off the southwest coast
South Korean coast guards take part in the rescue of a sightseeing ship near the island of Hong-do, off the southwest coast September 30, 2014. Some 110 people aboard the South Korean sightseeing ship were rescued by fishing boats after the vessel ran aground near the rocky island on Tuesday, reviving tragic memories of a ferry disaster earlier this year in which hundreds of people drowned. REUTERS/South Korean Coast Guard/Yonhap (SOUTH KOREA – Tags: DISASTER MARITIME) ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. NO SALES. NO ARCHIVES. SOUTH KOREA OUT. NO COMMERCIAL OR EDITORIAL SALES IN SOUTH KOREA
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