Late delivery penalties aren't really an economic loss, it is a wash mostly. Similarly loss of revenue is mostly a wash
The freight costs are in the range of 0.6%-3% of the cost of the goods transported on average. This is for the amortized cost of purchasing the ships, maintenance, the labor and fuel costs. If you estimate the value of the delayed goods at $10b, and the freight costs at an extra 2% that's $200m in damages.
Most food transported this way wouldn't be spoiled by a delay of a week. If 10% of the goods were food by value, and 15% of them were perishable, and they were worth half as much after being delayed delayed a week that is another $75m lost to spoilage. But it isn't always a one week delay, many ships are delayed less to start, and there will be increased congestion in the ports and ground transport for many of these ships.
The freight costs are in the range of 0.6%-3% of the cost of the goods transported on average. This is for the amortized cost of purchasing the ships, maintenance, the labor and fuel costs. If you estimate the value of the delayed goods at $10b, and the freight costs at an extra 2% that's $200m in damages.
Most food transported this way wouldn't be spoiled by a delay of a week. If 10% of the goods were food by value, and 15% of them were perishable, and they were worth half as much after being delayed delayed a week that is another $75m lost to spoilage. But it isn't always a one week delay, many ships are delayed less to start, and there will be increased congestion in the ports and ground transport for many of these ships.