The article focuses on slow-steaming of ships by container lines. It notes that this move by carriers allowed them to save on fuel and adds that slow-steaming can have an indirect impact on rates by absorbing excess capacity....
Slow steamingenergy efficiencyRO-RO cargo vesselIMOgreenhouse gas emission reductionThe International Maritime Organization introduced two energy efficiency indexes to reduce greenhouse gas emissions from ships. One of the short-run solutions is to reduce ship speed. The present research calculates the ...
As owners endeavour to obtain the top ‘A’ ranking for their vessels, there is an important fact that shall not be overlooked: slow steaming reduces emissions on a ship-to-ship basis but increases them overall. If all ships decide to go slower, there will soon be a need for new vessels...
Slow steaming may involve just slowing down or even ‘derating’ a ship’s engine, that is, reconfiguring the engine so that a lower power output is achieved, so that even slower speeds can be attained. Slow- steaming increases the number of ships required to carry a given amount of trade...
Even though world oil prices are now declining, but based on the prediction of World Bank, the price of oil will rise again in 2017. Even some shipping company implements slow steaming method on the operation of their ships. But they do not know whether these methods are effective or not ...
“Our speeds have increased, compared with three-to-four years ago… we are up by more than a notch,” he said, explaining that slow steaming was a “misleading” way of achieving emissions reductions. “If a law came out and said maximum speed limits on the sea was 10 knots, everybod...
Slow steaming often has more impact on ballast speeds, as ships do not have the same expected demands of a charterer when the voyage is without cargo, Graham Close, Senior Trade Analyst at UK-based shipping consultancy VesselsValue said. ...
The annual savings could reach $15 million to $20 million for a typical Asia–Europe route using 8500-TEU ships. Bunker fuel costed between $1000 and $1500 per ton1 in the year of 2014. Slow steaming has drawn widespread attention as it is both a cost saver and environmentally friendly ...
Currently container ships operators have implemented in their fleets slow steaming strategies to raise the profit margins by reducing operational costs. However, some ship owners are not yet convinced of this practice because the navigation time is increasing that cause a reduction of the number of ...
In spite of the implementation of slow steaming, one in seven of allNOx molecules emitted in Europe in 2012 originated from the shipping sector, up from one in nine in 2005. The growing share of the shipping contributions to the overall EuropeanNOx emissions suggests a need for the shipping ...