Feverish dry bulk market leads operators to crank up speed by a few knots

The slower ships sail, the less fuel they use, and the less they pollute. At the moment, however, it's full speed ahead. "The charterers demand it," says CEO with reference to the scorching hot market.

Photo: PR / HMM

Slow steaming has been one of the solutions capable of saving carriers money, since slow sailing economizes on fuel and consequently reduces pollution.

This was one of the prevalent mantras four-five years ago, but given the development of the market in 2021, it's full speed ahead, or it's at least been increased by a few extra knots, which is a considerable boost, given that the ship already sailed at speeds of 12-14 knots.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

Further reading

Related articles

Latest news

See all jobs