Abstract
Shipping has always been a cyclical industry characterized by high volatility in freight rates and potential excess of capacity. These characteristics vary considerably depending on the specific sector but they are a strategic issue for all the shipping operators. This chapter aims to discuss the main effects of slow steaming on the shipping business, by referring to industry reports and the extant literature, classifying those effects into three main categories: economic implications, environmental implications and service-related implications. For manufacturers, retailers, importers, and exporters, supply chain reliability is more important than transit time or freight rates. Delivering on time as promised is the basis for business success and ensures the loyalty of customers. Superior reliability enables shippers to decrease the inventory they hold in the country of destination, thus counteracting the rising inventory levels needed for slow steaming.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
