Average sailing speed could drop by 10 pct by 2025, BIMCO says
2023-05-05 08:14

Average sailing speed could drop by 10 pct by 2025, BIMCO says

by Hristijan Ivanov
Average sailing speed could drop by 10 pct by 2025, BIMCO says

"Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered by strong demand and widespread port congestion, the situation today is very different in the liner sector. Namely, during the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down 4% y/y, and could drop by 10% before 2025, BIMCO estimates." See the original story at: Offshore Energy.

Source: Offshore Energy