project44 has announced the addition of the Detention & Demurrage Optimization feature to its Movement platform. This new solution aims to help shippers comprehend real-time risks and costs related to detention and demurrage for better supply chain optimization.

The solution is designed with key features such as providing real-time and historical data about detention and demurrage fees at the shipment level based on custom contracts, a dashboard experience for identifying risk areas and trends, and in-terminal data points for each container such as last free demurrage day, carrier holds, locations within the terminal, etc.

According to project44, the Detention & Demurrage Optimization solution will provide users with accurate insights about detention and demurrage costs from custom contracts, which will aid in real-time risk identification. This service is expected to result in reduced fees for in-transit shipments and enhance the efficiency of the supply chain operations.

Analyst QuickTake: Earlier this month, Project44 upgraded the Movement platform with enhanced mapping features for supply chain disruption monitoring. The feature offers an interactive global map that enables users to identify shipments that have either been affected by or are at risk from a disruption on a global scale.