Alphaliner: Low oil price could worsen overcapacity

The price on IFO 380 bunker has gone down 35 percent since 2012. As such, the massive saving carriers can achieve by reducing their speed has almost disappeared.
BY OLE ANDERSEN

The container carriers have achieved significant cost reductions in recent years by lowering ships' speed in order to save money on their towering fuel expenses. Meanwhile, the use of slow steaming has - according to analyst agency Alphaliner - secured work for around 7.1 percent of the global container fleet, which has thus also helped lower the massive overcapacity of ships.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading