Rising commodity prices and volumes traded are leading to port congestion and increased demurrage at a time of rapidly increasing freight rates. This puts substantial pressure on port operators to improve discharge productivityrnThe Baltic Dry Index, the recognised benchmark for fixing bulk vessel charter rates, is now standing at 7474 points, a rise of over 100 points in 12 months. With no shortage of cargoes and healthy freight rates, it is now paramount to reduce ship turnaround times to maximise bulker utilisation.
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