News / LNG may be the key to reducing carriers' massive fuel bills for ultra-large boxships

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Bigger and bigger ships operating at slower and slower speeds across the tradelanes of the world are testament to the single-minded desire of ocean carriers to continually reduce their unit costs below those of their competitors.

However, the size of these giant containerships has reached a limit, in terms of the capacity of ports which can service them, and given that the vessels are unable to go much slower without possibly inflicting long-term damage to their engines, ocean carriers are going ...