Slow steaming by container ships seems to be here to stay. Ship lines began operating vessels on long routes at several knots below top speed in order to save on fuel and soak up excess ship capacity. Now, as the JOC has reported and this New York Times story notes, slow steaming is driven as much by environmental concerns as by economic reasons.
The big question is what kind of adjustments cargo interests will need to make to their supply chains. Will they add inventory as a cushion against transit delays? Will slow steaming produce changes in sourcing patterns? How do you see this playing out?