Subscribe to RSS feedSpeed cuts lift rates
by
Janet Porter, London
—
last modified
Dec 10, 2009 02:29 PM
SLOW steaming is starting to have a noticeable impact on the container trades, with capacity being absorbed and charter rates inching upwards as operators bring in extra ships to compensate for lower speeds
With fuel prices strengthening and lines still under extreme pressure to cut costs, ship speeds have been reduced even further in recent weeks.
Opinion is divided as to whether superslow steaming will become a permanent feature of the market, or...
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