Bunkerworld: Slow Steaming Most Effective Exploitation of Tanker Fleet

“Slow steaming is ‘here to stay’ and tanker operators who embrace it will have a ‘competitive advantage’, according to Belgian tanker owner Euronav NV. The company said Monday it is applying slow steaming on ships that it operates in a bid to reduce fuel costs. . . . Euronav’s take on slow steaming as a viable solution to fuel cost management comes just a day after Poten & Partners said that the spike in bunker prices has ‘drastically’ eroded the already slim profits experienced by tanker owners and operators.”