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Will lower oil prices make carriers ditch slow-steaming?

Slow-steaming has been a much-used tool for container carriers during the crisis, but could the declining prices on crude as well as bunker oil make carriers speed up, asks Drewry in a new analysis.

Photo: Hanjin

The massive decline in the crude oil price is in some ways good news for carriers, who will at least be able to save money on their biggest expense - bunker. The question the becomes whether the lower oil prices will make carriers speed up their container ships again, thus ditching slow-steaming, which has otherwise been a good tool in a time with low rates and far too many ships, says analysts Drewry in a new analysis.

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