'Slow-Steaming' Impact Being Felt Across Supply Chains, Reports The Journal of Commerce in This Week's Cover Story

NEWARK, N.J., Feb. 1 /PRNewswire/ -- Aligned in related goals of cutting shipping and fuel costs, shippers and ocean carriers are supporting a reduction of vessel speeds on certain long routes. In this week's feature story, The Journal of Commerce addresses the impact of "slow-steaming" further down the supply chain and why it's a trend that is likely to stay.

(Photo:  http://www.newscom.com/cgi-bin/prnh/20100201/NY47084 )

Manufacturers and retailers looking to cut shipping costs by slowing their supply chains are finding unlikely new supporters of the strategy: the ocean container lines carrying the overwhelming majority of goods in international trade. Financially strapped ocean carriers are cutting fuel costs by reducing vessel speeds on a growing number of long routes, and the impact of "slow-steaming" -- sailing 25-knot vessels at 20 to 22 knots -- is reverberating across supply chains. Even amid a halting recovery, the economy is literally slowing down on the water, with dozens of routes — mostly out of Asia — extended by several days. Some shippers are adjusting their inventories to meet the changing service patterns and it appears that emissions-reducing benefits are adding reasons for its use to continue.

The Journal of Commerce cover story (http://images.magnetmail.net/images/clients/cbmedia/JOC0201102.jpg) analyzes the major impact slow-steaming is having on global supply chain patterns. With most analysts predicting it is here to stay, slow-steaming is a trend to which the industry must adapt.

To view daily news visit www.joc.com. For all media enquires, including article reprints, please contact Editorial Director Paul Page.

Since 1827, The Journal of Commerce has been the most trusted source of intelligence for international logistics executives to help them plan global supply chains and better manage day-to-day transportation of goods and commodities in the United States and internationally.

To become a member of The Journal of Commerce click here (https://www.sunbeltfs.com/forms/joc/subscription.asp?pid=JK&page=s&eid=E12090). JOC members have access to our weekly print and digital magazine and Web site, as well as a 10% discount on all JOC Conferences and trade shows, UBM Global Trade Directories and select PIERS products. Authoritative editorial content in the form of daily news, weekly analysis and regular features ensure our members have the information and data necessary to understand the issues facing trucking, rail and maritime transportation. Members enjoy access to "By the Numbers," an exclusive weekly compilation of key industry statistics that provides detailed views of current market trends across all modes. Regular market intelligence reports -- utilizing PIERS trade data -- include Top 100 Imports and Exporters, quarterly Top 40 Container lines, Transpacific and Transatlantic Maritime Forecasts and Top Container Ports and Terminals. Market-sector supplements, including Breakbulk, Cool Cargoes, 3PL, JOC Guide to Trucking and others, ensure all modes are comprehensively covered.  

About UBM Global Trade - UBM Global Trade, formerly Commonwealth Business Media, Inc., has been the leading provider of proprietary data, news, business intelligence and analytical content supporting commercial maritime, rail, trucking, warehousing and logistics industries worldwide since 1827. The company's portfolio of more than 100 online, print and interactive workflow business solutions includes The Journal of Commerce, The Journal of Commerce Conferences, PIERS Global Intelligence Solutions and an array of international trade and transportation databases and directories. UBM Global Trade, a subsidiary of United Business Media Limited, is headquartered in East Windsor, NJ, with offices throughout the United States and in Canada and Hong Kong. For more information, explore www.ubmglobaltrade.com or call 800-221-5488 (+1-609-371-7700 outside the U.S. and Canada).

About United Business Media Limited - UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring, and the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities -- from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists -- with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries is organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to www.ubm.com.

SOURCE The Journal of Commerce

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