THE average vessel speed in the future will be between 14 and 18 knots as super slow steaming appears to have firmly established itself as a permanent fixture in the container shipping sector.
It was only last year in a conversation with Neptune Orient Lines chief executive Ron Widdows, when we reported that liner executives foresaw slow steaming as an ongoing trend for the foreseeable future.
This year we have seen the introduction of super slow steaming, which appears to be superseding the original slow steaming now…
Speaking to delegates at our recent Supply and Demand conference in Hong Kong, Maersk Line vice president for South China and Hong Kong, Soren Karas, confirmed that the super slow steaming practice would continue to play a significant role in the sector going forward due to its financial and environmental benefits.
"The speed/fuel use curve is exponential. You save a lot of fuel by taking the speed of your ship down. But there are two dimensions that one has to think about when talking about slow steaming. There is the pure financial decision and there is the environmental angle as well,” he said.
Super slow steaming saves a reported 30 per cent overall in bunker consumption, and also reduces CO2 emissions by the same amount, when compared to regular steaming.
As we also know, slow steaming has also helped to reduce the supply overhang that threw the industry into a tailspin last year, and threatened any chance at restabilising it again this year.
One might even suggest it has been one of the unsung heroes of the industry in 2010.
Mr Karas agreed that it has helped bring stability back into the market.
It was only last year in a conversation with Neptune Orient Lines chief executive Ron Widdows, when we reported that liner executives foresaw slow steaming as an ongoing trend for the foreseeable future.
This year we have seen the introduction of super slow steaming, which appears to be superseding the original slow steaming now…
Speaking to delegates at our recent Supply and Demand conference in Hong Kong, Maersk Line vice president for South China and Hong Kong, Soren Karas, confirmed that the super slow steaming practice would continue to play a significant role in the sector going forward due to its financial and environmental benefits.
"The speed/fuel use curve is exponential. You save a lot of fuel by taking the speed of your ship down. But there are two dimensions that one has to think about when talking about slow steaming. There is the pure financial decision and there is the environmental angle as well,” he said.
Super slow steaming saves a reported 30 per cent overall in bunker consumption, and also reduces CO2 emissions by the same amount, when compared to regular steaming.
As we also know, slow steaming has also helped to reduce the supply overhang that threw the industry into a tailspin last year, and threatened any chance at restabilising it again this year.
One might even suggest it has been one of the unsung heroes of the industry in 2010.
Mr Karas agreed that it has helped bring stability back into the market.
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