Sharp rise in Vessel speeds indicates a gradual recovery of the sector from the COVID19 crisis, says an article published in Ship & Bunker.
ContainershipAccording to shipping intelligence, Panamax container ship speeds climbed for a third month in August. Average laden Panamax speeds were 14.42 knots in August, up by 2.2% from a month earlier.
Impact on bunker demand
Ship operators changing speeds according to strength or weakness in freight markets and bunker prices can have a significant impact...
https://mfame.guru/vessel-speeds-indicates-sectors-covid-19-recovery/