![]() Just one of many examples of container ships recently sailing westbound at 20 knots or more: Automatic Identification System (AIS) vessel-position system data from MarineTraffic shows that the 4,253-twenty-foot equivalent unit (TEU) Seaspan Melbourne hit nearly 24 knots this month in the eastern Pacific on the backhaul from Los Angeles to China. Carbon emissions also surge, a politically sensitive side effect.Ĭarriers are stepping on the gas despite spending the last decade focused on the opposite strategy, “slow steaming,” and despite container ships built in recent years being specifically designed for slower speeds. Container ships are moving faster despite the fact that fuel consumption, and thus marine bunker fuel costs, rise exponentially with speed. That’s exactly what they’re doing, according to new data from VesselsValue and MarineTraffic. There is a way - without adding ships - for liners to move more cargo and take even greater advantage of today’s stratospheric rates: speed up. It takes two years or more to get a newly built ship. Secondhand purchase prices are through the roof. There are almost no container ships in the world left for liners to charter. ![]() ![]()
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