IMO Urged to Consider Mandatory Speed Limits for Ships

An open letter signed by more than 100 shipping companies and environmental organizations is urging the International Maritime Organization to impose mandatory speed limits for ships as a way to reduce harmful emissions from shipping. The letter states that effectively addressing climate change is quite possibly the greatest challenge of lifetime. In response to this crisis, … [Read more...]

Environmental Group Proposes Speed Limits for Ships to IMO

By Alexander Whiteman (The Loadstar) - Mandatory speed limits could be shipping lines’ best hope of achieving the IMO’s 2030 emissions reduction targets. Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar slow-steaming could “single-handedly” achieve the target. “We’re proposing mandatory limits, based on ship type,” said Mr … [Read more...]

IMO’s 2020 Sulphur Cap Seen Ushering In New Era of Slow-Steaming

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...]