SLOW steaming, extra slow steaming and super slow steaming are here to stay, says New York's Marine Propulsion journal, because of the big savings they provide as well as the vast quantity of excess tonnage it absorbs.
Designed to go 25 knots, the typical 7,000-TEU vessel reduced to 12 knots, can save 210 tons of fuel a day - 85 per cent or US$126,000 based on a $600 per ton bunker price, said the report.
Moreover, 1.27 million TEU has been taken out of the market by virtue of slow steaming since January 2009, with 260,000 TEU removed in the last year, according to Alphaliner.
Larger ships require greater laytimes, and longer round trips also contribute to the removal of capacity, which together meant that 6.2 per cent of the world fleet capacity was withdrawn last year through slow steaming, said the report.
WORLD SHIPPING
08 November 2013 - 20:10
Super slow steaming can save 85pc in fuel burn - or US$126,000 a day
SLOW steaming, extra slow steaming and super slow steaming are here to stay, says New York's Marine Propulsion journal, because of the big savings they provide as well as the vast quantity of excess tonnage it absorbs.
WORLD SHIPPING
08 November 2013 - 20:10
Super slow steaming can save 85pc in fuel burn - or US$126,000 a day
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