What’s With the Slow Ships?

If commercial shipping seems to be moving slower than last year, that’s because it is — and it’s due to the increasing cost of fuel. According to trade organizations, the 4,650 larger commercial ships of the world are now traveling at an average of 11.7 knots, about 7% slower than the year before. Oddly enough, this is said to be giving a kick to the shipbuilding industry.