Nearly half of all global containership capacity is engaged on services that are currently slow steaming.
Slow steaming has helped carriers integrate more than 2.2 million TEUs of new capacity this year, with 450,000 TEUs of that added capacity -- brought online through new vessel deliveries and the reactivation of idled ships -- offset by slow steaming.
“It is also strongly believed that, rather than allowing rates to slide again the way they did in the run-up to the downturn of September 2008 and thereafter, carriers will sharply manage capacity by increasing the laying up of vessels again, while at the same time further stepping up the strategy of slow steaming. Carriers have to; there is no next bailout by stakeholders.
American Shipper
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