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Calls to end 'slow steaming' as bunker prices fall

August 27 - There is increasing pressure on shipowners and operators to scrap fuel-saving "slow steaming", with bunker prices at six-year lows.

Such a move is being resisted by shipowners and operators as this would effectively increase the amount of tonnage on the market in a period which is already seeing massive over supply and more mega-ships being introduced.

Drewry has estimated that a container shipping line operating eleven 18,000 teu ships on a single Asia-Europe route would save more than USD69 million this year over 2014 assuming average bunker prices of USD370 a tonne.

But the London-based maritime consultancy does not expect lines to speed up sailings and risk flooding the market with even more capacity.

www.drewry.co.uk

Heavy Lift | News

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Heavy Lift Across The World

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