Slow steaming by shipping industry expected to increase
Sailing speeds by global shipping lines could decline by about 10% before 2025, predicts BIMCO, the world’s largest organization for shipowners, charterers, shipbrokers and ship agents. In slow steaming, a containership travels at a speed of 12-19 knots instead of the usual 20-24 knots. BIMCO notes that slow steaming was introduced in the aftermath […]
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