BIMCO: Carriers Increasing Slow Steaming Impacting Liner Capacity

Slow Steaming has become a buzzword phrase in the shipping industry gaining attention as the carriers are confronted by increasing environmental regulations and falling demand. Industry trade association BIMCO’s chief shipping analyst, Niels Rasmussen, is writing about the impact slowing liners is having on the industry while forecasting that the group believes sailing speeds could fall by 10 percent before 2025.