Subscribe to RSS feedSeaspan decides to subsidise super-slow steaming program
by
Rajesh Joshi, New York
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last modified
Dec 18, 2009 11:16 AM
SEASPAN chief executive Gerry Wang has announced a Christmas present for all his charterers: the company is ready to spend up to US$2m in 2010 to cover part of the costs incurred by super-slow steaming of its larger containerships.
The company envisages about half of its fleet of 43 ships sailing routinely at slower speeds before the end of 2010, with charterers free to choose the speed.
To encourage the process, Seaspan has made another open pledge to its...
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