SeaIntel: Farewell to slow steaming with oil price of USD 50
Today's news that the oil price has now dropped below USD 50 for the first time in five years comes as bad news to the container industry. CEO and partner of SeaIntel, Lars Jensen, expects that several major alliances will increase their speed unless the price changes in the coming months.
BY TOMAS KRISTIANSEN
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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 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
.jpg&w=384&q=75)
