noun Nautical.
sufficient speed to permit a vessel to be maneuvered.

1710–20; steerage + way1 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
steerageway (ˈstɪərɪdʒˌweɪ)
nautical enough forward movement to allow a vessel to be steered

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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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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