steerageway

[steer-ij-wey]
noun Nautical.
sufficient speed to permit a vessel to be maneuvered.

Origin:
1710–20; steerage + way1

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World English Dictionary
steerageway (ˈstɪərɪdʒˌweɪ)
 
n
nautical enough forward movement to allow a vessel to be steered

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
In no instance should slow speed be interpreted as a speed less than that required to maintain steerageway.
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