In November 2015 the fuel prices plunged below USD 200 per ton for the first time since 2009, and the prices have remained below this threshold ever since. But container carriers continue to slow steam and are thus missing out of the numerous benefits that can normally be achieved by sailing faster.
The currently all-time low bunker prices mean that carriers, by increasing speeds, would be able to reduce the number of vessels, avoid tying up containers on ships and would thus be able to reduce costs significantly. Furthermore, the carriers would gain a competitive edge by being able to faster transit times to customers.
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