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TSA Welcomes Right To Discuss Slow Steaming
2010-02-23
American Shipper reports that theTSA on Friday lauded the FMC’’s decision to allow TSA member lines to discuss and coordinate strategies to reduce vessel fuel consumption, including slow steaming of ships.
The TSA has provided Asia/U.S. shipping lines with authority to meet and exchange limited market information and establish non-binding guidelines that help stabilize otherwise volatile rate levels and shipping practices, the organization said. Kim, who is chief executive of Hanjin Shipping, said sharing information on slow-steaming strategies was an important first step. TSA estimates a reduction in speed from 24 knots to 18 knots reduces fuel consumption by 60 percent, and vessel emissions are broadly reduced in a parallel fashion with fuel consumption.
“To achieve true, lasting environmental benefits from slow-steaming, carriers need to share information that will help them reduce emissions without disrupting carrier service levels,” Kim said.
The TSA has held a number of meetings with individual customers and shipper groups to discuss a range of cost and operational issues in the Asia/U.S. freight market. “While carriers and shippers have not covered environmental matters in any detail so far, customers have expressed interest in doing so because of the potential service and rate impacts, and the potential benefits of extending their internal green initiatives to include their entire global supply chains,” he said.
Source: CIFFA
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