Storage is a fee paid to the port authority by a shipping line if their container stays in the port or terminal after the allowable laytime to clear them. Simply explained, storage is a fee charged for each container that is not transported from the storage space/terminal when it is ready to be loaded onto a truck or a vessel.
Published in Chapter:
Effect of COVID-19 on the Freight Forwarding Industry in Egypt: An Empirical Study on Agility Egypt
Rawan Hisham El Haddad (Arab Academy for Science, Technology, and Maritime Transport, Egypt),
Sara Hassan El-Gazzar (Arab Academy for Science, Technology, and Maritime Transport, Egypt),
May Salah El-Dine Mohamed (Arab Academy for Science, Technology, and Maritime Transport, Egypt), and
Bojan Rosi (University of Maribor, Slovenia)
Copyright: © 2023
|Pages: 18
DOI: 10.4018/978-1-6684-4686-7.ch006
Abstract
The freight forwarding industry is an important player in the maritime transport industry that facilitates shipping processes by providing various value-added services such as securing bookings, transporting cargo, and preparing shipping documents. However, due to COVID-19 outbreak, the freight forwarding industry faced many challenges like port congestion, container shortages, and blank sailings. Therefore, this study examines COVID-19 effect on the freight forwarding industry and the challenges that the freight forwarders faced especially in Egypt, which is a logistics hub due to its strategic location. The case provides researchers and practitioners with an overview of the challenges that affected both maritime transport and freight forwarding industries in Egypt and investigates the challenges that Agility Egypt encountered due to COVID-19 restrictive safety measures. Also, it presents the solutions undertaken to deal with those challenges. Data were collected through interviews with various operation managers, executives, and specialists in Agility Egypt for shipping and freight.