ShippingWatch

Smedegaard: Definitely more potential in slow steaming

The full potential of slow steaming has not yet been realized by the Maersk Group, states the Group CEO Nils Smedegaard Andersen to ShippingWatch. Both in the container company and in Maersk Tankers, ships could be sailing slower.

A basis has been established for lowering the speed of both Maersk Line and Maersk Tankers’ fleet, says Maersk Group CEO Nils Smedegaard Andersen.

Slow steaming has already meant significant savings for Maersk Line and many of its competitors, but has also reduced Maersk Line’s capacity in the second quarter of 2012, as it emerged on Tuesday from the Maersk Group interim report. Yet the target has not been met, not by far.

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