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International Dry Bulk Tankers and Gas

Charterers ‘behaving rationally’ in rejecting virtual arrival clauses

A research study into why there has been so little take-up of virtual arrival in shipping has found that charterers are much more interested in volatile cargo values than fuel costs

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In theory, ‘virtual arrival’ would enable ships to reduce speed, and thereby emissions; in practice an academic study found charterers’ own commercial considerations outweigh these benefits

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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