For this lecture, the first half will address key metrics like cost vs. output, fuel consumption, and the influence of port efficiency, as well as discuss sustainable practices like speed reduction measures for decarbonizing shipping.
After the break, the second half will concentrate on the challenges and regulatory barriers in implementing speed reduction measures and their impact on management costs. The class will wrap up with an interactive workshop on the cubic law, which explains the relationship between speed, power, and fuel consumption in shipping operations.