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Home » With Slow Steaming, Some Say Savings Are Quick to Roll In for Ocean Transportation

With Slow Steaming, Some Say Savings Are Quick to Roll In for Ocean Transportation

October 27, 2010
American Shipper

Slow steaming provides "huge" benefits for liner carriers, according to a shipping analyst with Goldman Sachs.

Simple math spells out the advantages, said Thomas Kim, executive director of Asia investment research for Goldman Sachs, speaking last week at the TPM Asia conference in Shenzhen, China.

"If fuel represents 20 percent of revenue, and you save 20 percent of your fuel costs, that's a 4-percent margin, which is huge," Kim said. "The benefits of slow steaming are huge."

Needless to say, representatives of some lines are not so quick to agree.

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Logistics Global Logistics Logistics Outsourcing Ocean Transportation Transportation & Distribution Technology SC Finance & Revenue Management Pharmaceutical/Biotech
KEYWORDS Global Logistics Logistics Logistics Outsourcing Ocean Transportation Pharmaceutical/Biotech SC Finance & Revenue Management Technology Transportation & Distribution
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