Go-slows are good news
SLOW steaming is starting to have a considerable impact on the beleaguered container shipping market. The latest group to put on the brakes is the CKYH alliance, which yesterday said it would be implementing slow steaming on the eastbound legs of its four Asia-Europe services. This is just the sort of news that owners want to hear, because reduced speeds mean more more ships are required to maintain fixed schedules that are essential in the liner trades.
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