Tag: slow steaming

Filter By:

How speed reduction can contribute to emissions reduction: Defining terms and measures on the table

In an exclusive interview with SAFETY4SEA, Dr. Harilaos Psaraftis, Professor at the Department of Technology, Management and Economics, Management Science Division of Technical University of Denmark (DTU), clarifies the difference between the terms “speed optimization” and “speed reduction” and how speed reduction can lead to GHG emissions reductions.

Read more

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.

Read more

Wärtsilä introduces Ultra Slow Steaming

 Sometimes less speed can be king, too. Wärtsilä's Busser project introduces Ultra Slow Steaming. Yeah, that's right. Ultra Slow.Moving goods from point A to point B as fast as you possibly can is the drill in today's logistics. However, out at sea, a rather contradictory method has been in use for some years now. In slow steaming, you deliberately slow down the speed of a vessel in order to lower costs by reducing fuel consumption. Even in a weak freight market, this approach allows you to stay profitable, by absorbing excess tonnage and cutting down on fuel consumption and bunker bills as you slowly steam along.Teus van Beek, General Manager for Wärtsilä’s Market Development & Innovation, says that recent trends in shipping point towards slower, larger and simpler operations. And as ships take longer to reach their eventual ports, a big crew on the payroll translates to higher labour costs. According to Wärtsilä, moving towards unmanned ships could well be the way of the future – but only under certain circumstances.“Decreasing crew cost by reducing headcount only makes sense in a situation where speed – time used to make the voyage – is not a factor, meaning that the speed ...

Read more

Slow steaming remains priority for Maersk

Maersk has recently published its Annual Report for 2014 estimating that result is USD 831 million higher than 2013. This was achieved by lower unit cost and increasing volumes while the rates decreased by 1,6%. The lower unit cost is the result of a better vessel utilisation and network efficiencies. Highlights of the Annual Report USD 2,341 million profit - a 55% improvement compared to 2013 (USD 1,510m)  11.6% return on invested capital (7.4%) Volumes increased by 6.8%, average rate decreased by 1.6% Unit cost decreased by is 4.3%  Underlying result for 2015 expected to be higher than 2014 (USD 2.2 billion) Global container shipping demand in 2015 expected to grow by 3-5%, nominal supply by 5-7% Slow-steaming maintained in low fuel price scenario Søren Skou, CEO of Maersk Line commented: ''“I am very satisfied with our 2014 result. Our return on invested capital is also very satisfactory and above our medium and long-term targets of 8.5% and 10% respectively. We have achieved this on the backdrop of low market growth and rates under pressure. We have successfully managed our capacity and reduced our costs. I believe 2014 proves that we have the right strategy in place,” The low oil ...

Read more
Page 1 of 4 1 2 4