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They have super high value cargo sitting at the remote port wanting to be moved. Loading empties takes time and pays little, so they profit optimize by not wait
by Kliment 5y ago
They have super high value cargo sitting at the remote port wanting to be moved. Loading empties takes time and pays little, so they profit optimize by not waiting for them to be loaded, and instead abandon them to clog the port so they can get out a few hours earlier and do their next run faster.
- jve 5y ago... and get clogged themselves next time they come in?
- s1artibartfast 5y agoIt could be a tragedy of the commons effect. If one company alone were to max out on empties, the port would still be clogged.
- s1artibartfast 5y agoIs it profit-maximizing when they have to wait a week to unload when they come back with the same ship or a different ship? If not, you think that they would eventually work it out