Barry Parker Commentaries
Jan 20, 2015
Click here to access Who's going where? And how fast?
Rainstorms, ice storms, fog….all of these are excellent catalysts for staying indoors and catching up on various postings on Linked In. Fortunately, my home office is adjacent to a great big fireplace- no gas logs for me. Of great relevance, recently, are numerous postings on subjects such as the impact of low fuel prices on the speed of ships. Speed, of vessels, in turn, has an important impact on capacity utilization- if the fleet is limping along (slow steaming), utilization can be higher, at least temporarily. Once hires become more enticing, then it’s worth money for operators to speed up. Factoring lower fuel prices into the equation provides further incentives for shipowners to turn up their engines.