SeaIntel: Farewell to slow steaming with oil price of USD 50
An oil price that has now dropped below USD 50 per barrel means that the best argument for slow steaming disappears, namely saving a lot of money. Because in recent years, the more carriers have slow steamed, the more money they have saved. And as time passes, CEO and partner at SeaIntel, Lars Jensen, estimates that one or several of the four major container alliances set to fight for the market in 2015 will increase their speed in the efforts to win customers.
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