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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.

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