slow steaming

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Global Shippers forum is against slow steaming

The Global Shippers Forum (GSF) commented on ITF’s Transport Outlook 2019, noting that sustainable solutions to the environmental challenges faced by global shippers need to be found, without stifling economic development. 

Speed reduction up to 30% leads to net cost savings, study says

Öko-Institut e.V. published a study on the impact of slow steaming for different types of ships carrying bulk cargo. Mainly, speed reduction of up to -30% could result to net cost savings for shipping industry and states in the majority of cases.

Carriers to reduce ULCV impact by delaying deliveries

Carriers will be able to limit the capacity inflation of the ultra large container vessels (ULCVs) that are to arrive the following years by delaying deliveries and slowing services, according to Drewry. According to the current orderbook, the overall number of orders is approximately 460.000 TEU for 2019, whereas Drewry predicts that in 2020 the calls will reach about the 620.000 TEU, reaching a record.

VesselsValue: Slower steaming remains an option for tanker owners

The VLCC (Very Large Crude Carriers) markets have staged a modest recovery ahead of market speculation that OPEC may relax production cut discipline and rising bunker prices which are providing a negotiating point for owners, according to data provided by VesselsValue.

Maersk and slow steaming

The video illustrates how a company can be socially responsible and at the same time improve its bottom line. By…

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