IDEAS home Printed from https://ideas.repec.org/a/taf/marpmg/v42y2015i7p636-652.html
   My bibliography  Save this article

Determinants of slow steaming and implications on service patterns

Author

Listed:
  • Claudio Ferrari
  • Francesco Parola
  • Alessio Tei

Abstract

The research focuses on the impact of the shipping strategy to decrease the commercial speed of container vessels, in order to reduce the bunker costs, on current service patterns. In this regard, the study also hypothesizes potential development trends in the near future. The reduction of the commercial speed, commonly referred to as "slow steaming," has been introduced to mitigate the negative effects of the recent economic crisis by cutting navigation costs and reducing the capacity supplied in order to assure a more efficient fleet deployment. Nowadays, this practice provokes a strong impact on maritime services and inter-port competition, as it leads to differentiate the offer of shipping services, combining fast and direct services among main hubs and cheaper and slower services also calling on small ports.The paper addresses the impact of slow steaming in the major shipping services and discusses the effects on service patterns between Asia and Europe, bringing practical insights for ocean carriers and ports.

Suggested Citation

  • Claudio Ferrari & Francesco Parola & Alessio Tei, 2015. "Determinants of slow steaming and implications on service patterns," Maritime Policy & Management, Taylor & Francis Journals, vol. 42(7), pages 636-652, October.
    • Handle: RePEc:taf:marpmg:v:42:y:2015:i:7:p:636-652
    DOI: 10.1080/03088839.2015.1078011
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03088839.2015.1078011
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/03088839.2015.1078011?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sel, Burakhan & Minner, Stefan, 2022. "A hedging policy for seaborne forward freight markets based on probabilistic forecasts," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 166(C).
    2. Ziaul Haque Munim & Hans-Joachim Schramm, 2017. "Forecasting container shipping freight rates for the Far East – Northern Europe trade lane," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(1), pages 106-125, March.
    3. Alexandros M. Goulielmos, 2018. "“After End-2008 Structural Changes in Containership Market” and Their Impact on Industry’s Policy," IJFS, MDPI, vol. 6(4), pages 1-21, November.
    4. Achilleas Tsantis & John Mangan & Agustina Calatayud & Roberto Palacin, 2023. "Container shipping: a systematic literature review of themes and factors that influence the establishment of direct connections between countries," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(4), pages 667-697, December.
    5. Peng, Wenhao & Bai, Xiwen, 2022. "Prospects for improving shipping companies’ profit margins by quantifying operational strategies and market focus approach through AIS data," Transport Policy, Elsevier, vol. 128(C), pages 138-152.
    6. Bianca Borca & Lisa-Maria Putz & Florian Hofbauer, 2021. "Crises and Their Effects on Freight Transport Modes: A Literature Review and Research Framework," Sustainability, MDPI, vol. 13(10), pages 1-21, May.
    7. Alexander M. Goulielmos, 2017. "“Containership Markets”: A Comparison with Bulk Shipping and a Proposed Oligopoly Model," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(2), pages 47-68, April-Jun.
    8. Pierre, Cariou & Francesco, Parola & Theo, Notteboom, 2019. "Towards low carbon global supply chains: A multi-trade analysis of CO2 emission reductions in container shipping," International Journal of Production Economics, Elsevier, vol. 208(C), pages 17-28.
    9. Merkel, Axel & Lindgren, Samuel, 2022. "Effects of fairway dues on the deployment and utilization of vessels: Lessons from a regression discontinuity design," Transport Policy, Elsevier, vol. 126(C), pages 204-214.
    10. Lee, Chung-Yee & Song, Dong-Ping, 2017. "Ocean container transport in global supply chains: Overview and research opportunities," Transportation Research Part B: Methodological, Elsevier, vol. 95(C), pages 442-474.
    11. Zheng, Wei & Li, Bo & Song, Dongping, 2022. "The optimal green strategies for competitive ocean carriers under potential regulation," European Journal of Operational Research, Elsevier, vol. 303(2), pages 840-856.
    12. Xing, Xinjie & Song, Dongping & Qiu, Chengfeng & Drake, Paul R. & Zhan, Yuanzhu, 2023. "Joint tank container demurrage policy and flow optimisation using a progressive hedging algorithm with expanded time-space network," European Journal of Operational Research, Elsevier, vol. 307(2), pages 663-679.
    13. Riccardo Giusti & Daniele Manerba & Roberto Tadei, 2021. "Smart Steaming: A New Flexible Paradigm for Synchromodal Logistics," Sustainability, MDPI, vol. 13(9), pages 1-21, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:marpmg:v:42:y:2015:i:7:p:636-652. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TMPM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.