Tuesday, May 20, 2008

Higher Fuel Prices Means More Ships

Higher fuel prices means ships are slowing down:
"A 10% speed reduction can cut fuel consumption by 30%, which means a ship with a daily bunker fuel consumption of 250 tonnes can cut its fuel bill by about $40,000 per day when the price of fuel reaches $533 per metric tonne (pmt)."
Slower speeds means more ships to move the same amount of cargo.

That is from Fuel saving strategy causing rush on ships

The site is Sustainable Shipping.

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