Two of the main shipping segments which have disappointed the most earnings-wise this year have resorted to slowing their ships down considerably this year.

According to Clarksons Research ships in the the containership and bulk carrier sectors have travelled at record slow speeds this year.

Average containership speeds between January and August were down 3% on the 2022 average, reaching a record low of 13.7 knots in February and despite subsequently ticking up to 13.9 knots in Q3, remaining below the lowest level on record prior to this year.