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If ships were obliged to immediately cut their speeds, they could also slash 15% of their carbon emissions and save billions in lower ship fuel bills, according to a new report. The report, ‘Regulated slow steaming in maritime transport’ by the consultants CE Delft, says that if global average maritime speeds were reduced by 10%, carbon dioxide savings would rise to 19%, even after the cost of building and operating new ships to make up for lost capacity was considered.