NDLI: Slow Steaming in Container Shipping

Content Provider	IEEE Xplore Digital Library
Author	Meyer, J. Stahlbock, R. Voss, S.
Copyright Year	2012
Abstract	International supply chains heavily rely on maritime shipping. Since the beginning of the latest economical crisis, the containership fleet is slowing down. This paper gives a short overview of the slow steaming history as well as the widely assumed coherence between a ship's speed and its fuel consumption. Calculating fuel consumption as a function of speed provides decision support regarding the decision to which extent slowing down should be performed. It can be assumed that, compared to sailing at full speed, a speed reduction has a positive economic and also environmental impact. This paper is focused on the economic aspects. We show the considerable cost saving potential of a lower ship speed as a result of the decreasing fuel consumption. In combination with other variables of a container vessels' profit function, this may lead to the profit optimizing speed of a container carrier.
Starting Page	1306
Ending Page	1314
File Size	264730
Page Count	9
File Format	PDF
ISBN	9781457719257
ISSN	15301605
e-ISBN	9780769545257
DOI	10.1109/HICSS.2012.529
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-01-04
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Fuels Marine vehicles Containers Engines Resistance Companies Economics slow steaming maritime shipping container shipping computational logistics
Content Type	Text
Resource Type	Article

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