Ship speed vs power or fuel consumption: Are laws of physics still valid? Regression analysis pitfalls and misguided policy implications
Harilaos N. Psaraftis, Sotiria Lagouvardou
Abstract
There have been a number of recent papers in the literature that investigate the relationship between ship speed and required power, or between ship speed and fuel consumption. Using regression analyses for selected case studies these papers show that in many cases the traditional “cube law” is not valid, and exponents lower than 3 (and in some cases lower than 2 or even below 1) are more appropriate. Perhaps more important, they use these results to derive implications on the validity (or lack thereof) of policies to reduce greenhouse gas (GHG) emissions from ships through slow steaming. This paper reviews some of these papers and shows that their results are partially based on pitfalls in the analysis which are identified. Policy implications particularly on the quest to reduce GHG emissions from ships are also discussed.