By Alex Longley, Firat Kayakiran and Irene García Pérez (Bloomberg) -- If you happen to be at the beach this summer, make a mental note of any giant freighters crossing the horizon. In a few years’ time those same ships will probably be moving just a fraction slower. If the slowdown does happen -- and the likes of Citigroup Inc. say it will -- then the wider consequences … [Read more...]
Slow-Steaming Still Cheaper Despite Record Low Bunker Prices
By Mike Wackett (The Loadstar) - Following Korean carrier Hanjin offering express container shipping services on two major tradelanes, industry analyst Alphaliner has questioned the viability of abandoning slow-steaming. It says that, in theory, with bunker prices below $200 per tonne since last November, the cost of operating fewer ships at higher speeds should be lower … [Read more...]
Demand for Faster Transit Times Could Signal an End to Era of Slow-Steaming
By Mike Wackett, The Loadstar The era of global slow-steaming by container lines could be about to end with the recent announcement of improved transit times on select services. APL today announced the launch of its Eagle Express weekly transpacific service, which will offer a 13-day transit from Shanghai to Los Angeles, which the Singapore-based carrier said … [Read more...]