Demurrage Trends and Financial Impact in Oil & Gas Shipping
Delays in vessel turnaround continue to challenge the oil and gas sector, with demurrage costs representing a significant portion of operational expenses. Understanding these trends is essential for managing risk and improving profitability.
45%
Increase in average demurrage claims over the past five years, reflecting growing pressure on shipping schedules and port congestion.
USD 3.2 billion
Estimated annual global losses attributed to demurrage in the oil and gas industry, underscoring the financial stakes involved.
28 hours
Average vessel delay time at major oil terminals worldwide, highlighting the operational bottlenecks affecting supply chains.
60%
Proportion of demurrage disputes resolved through expert consultancy intervention, demonstrating the value of specialised management.
Comprehensive Demurrage Management
GCF Operations delivers precise laytime calculations and claim handling to minimise shipping delay costs for oil and gas operators worldwide.
Contractual Expertise & Dispute Resolution
Our team interprets complex charter party terms and negotiates effectively to secure fair outcomes and reduce financial exposure.
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Proactive Risk Mitigation
We help clients implement internal controls and training to prevent demurrage issues before they arise, improving operational efficiency.
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Data-Driven Insights & Reporting
Utilising proprietary analytics, Fairhurst tracks demurrage trends and port performance to support informed decision-making and cost control.
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