Subscribe to RSS feedBoxship speeds of 14 knots to become norm
by
Janet Porter, London
—
last modified
Nov 27, 2009 09:57 AM
CASH-starved container lines are ignoring a chance to make huge cost savings by slowing down ships to about half their usual speeds.
While some carriers such as Maersk Line, and now partner line CMA CGM, are moving to super-slow steaming, others continue to run their services at full speed despite the soaring cost of fuel.
“They are throwing money away,”...
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