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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.

Heavy Lift | News

Baumann expands crane fleet thumbnail image

Baumann expands crane fleet

June 14 - Bornheim, Germany-based Viktor Baumann has added a Demag AC 45 City crane to its fleet.
Views: 465
AET places Kalmar order thumbnail image

AET places Kalmar order

June 14 - Antwerp Euroterminal (AET) has placed an order for six Kalmar forklifts, including a fully electric model. 
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Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
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ALS moves in Hull thumbnail image

ALS moves in Hull

June 14 - UK-headquartered Abnormal Load Services (ALS) is relocating to larger premises in Hull.
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Heavy Lift Across The World

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