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How to Reduce Your Demurrage Bill

January 23, 2017

This paper has been written to introduce an approach to vessel planning and scheduling that can return million-dollar savings per terminal per year.

For supply chains that involve the chartering of vessels, demurrage is seen by many organisations as an inevitability of moving cargoes. Billions of dollars of demurrage charges are levied each year across the bulk shipping sector.  In today’s world, with commodity prices depressed, demurrage is increasingly being seen as a cost that needs to be addressed…

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Source: Port Technology