Slow steaming is being practised in many sectors of the shipping industry. It is induced principally by depressed shipping markets and/or high fuel prices. In recent years the environmental dimension of slow steaming has also become important, as ship emissions are directly proportional to fuel burned. The purpose of this chapter is to examine the practice of slow steaming from various angles. In that context, a taxonomy of models is presented, some fundamentals are outlined, the main trade-offs are analysed, and some decision models are presented. Some examples are finally presented so as to highlight the main issues that are at play.
|Title of host publication||Handbook of Ocean Container Transport Logistics : Making Global Supply Chains Effective|
|Editors||Chung-Yee Lee, Qiang Meng|
|Publication status||Published - 2015|
|Series||International Series in Operations Research and Management Science|
Bibliographical notePsaraftis H.N. and Kontovas C.A. (2015) “Slow steaming in maritime transportation: fundamentals, trade-offs, and decision models”, in Chung-Yee Lee and Qiang Meng (eds.), “Handbook of Ocean Container Transportation Logistics”, Springer, International Series in Operations Research & Management Science, Vol. 220