Shippers urged to proactively reduce demurrage

1080-GIF SOF Processor (Use this one)

Shipping companies are being urged to proactively adopt best practices to reduce the costs and risks of demurrage

Bulk commodity platform, Voyager, says that a dramatic surge in port congestion and associated supply chain disruptions have led to longer waiting times and higher demurrage costs.

The issue is particularly severe in the bulk shipping sector, where demurrage costs can exceed 20% of the total freight cost for a voyage.

Continue reading this article… 


Receive full access today!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the ports and terminals sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the ports and terminals industry
  • Our extensive archive of data, research and intelligence

Already subscribed? SIGN IN now

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!