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Maritime Research

Reefer Shipping Annual Review and Forecast 2019/20

Annual Review and Forecast

August 2019

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Reefer Shipping Annual Review and Forecast

Annual review of the reefer shipping market

This annual report provides in-depth analysis and forecasts of the perishable reefer shipping market, covering key commodity flows, fleet capacity development for the two principle vessel modes, as well as detailed market analysis by individual trade lane including freight rate development.

 

Demand/Supply

Drewry provides extensive analyses on 10 main commodity classes totalling over 30 different commodities. The classes are; Bananas, Citrus, Deciduous, Exotics, Fish / Seafood, Meat / Poultry, Dairy, Pharma, Cut Flowers and Confectionary - as well as other commodities such as tomatoes, frozen potatoes and fresh & frozen vegetables.

 

On the supply side Drewry has detailed coverage of both the container sector and specialised sector, with an emphasis on the former given that the vast majority of refrigerated seaborne cargo is now containerised.

 

Trade and Commodities

  • Development of worldwide trade by commodity and region

  • Bilateral trade flows by commodity

  • Estimated seaborne trade by commodity - including modal split between containerised and non-containerised reefer cargo

  • Forecast trade of perishable reefer cargoes by commodity to 2023

  • Forecast trade of seaborne perishable reefer cargoes by commodity to 2023 – including modal split between containerised and non-containerised reefer cargo

Reefer Containership fleet

  • Containership fleet & reefer slot capacity forecasts
  • Refrigerated container equipment fleet forecasts including availability analysis
  • New research on the fast emerging Smart Reefer Container market
  • Top 12 reefer container shipping operators analysed by fleet size, newbuildings and age profile, as well as operating strategies
  • IMO 2020 low sulphur fuel regulations impact on containerised vessel fleets and freight rates
  • Financial overview of the container shipping industry

Specialised fleet

  • Analysis of future capacity development including newbuildings and recycling levels
  • Profiles of specialised reefer shipping companies operating containerships
  • Analysis of charter market development
  • IMO 2020 low sulphur fuel regulations impact on specialised vessel fleets and freight rates
  • Analysis of target trades and commodities for specialised vessels

Reefer Shipping Market

  • Reefer container freight rate trends & analysis
  • Trade route analysis of the top 11 reefer trades including cargo demand forecasts, reefer slot capacity development, market concentration and freight rate development on the following routes:
    • Westbound Transpacific
    • North Europe to Asia
    • Asia to North Europe
    • Mediterranean to Asia
    • Europe to Middle East
    • East Coast South America to Asia
    • East Coast South America to Europe
    • Westbound transatlantic
    • Southern Africa to Asia
    • East Coast South America to North America
    • Europe to South Asia
  • Benchmark reefer container freight rates by trade route
  • Forecast development of reefer market supply/demand to 2023 by mode (container vs specialised)

Appendices

Containership capacity analyses for Oceania, East Coast South America, West Coast South America, South Africa and West Africa, Transpacific, Transatlantic, Middle East and South Asia trade lanes


More Information

Fast facts:

  • Comprehensive all-areas, global analysis
  • Five-year commodity trade forecasts by region
  • Top 12 reefer container shipping operators analysed by fleet size, newbuildings and age profile, as well as operating strategies
  • Trade route analysis of the top 11 reefer trades including cargo demand forecasts, reefer slot capacity development, market concentration and freight rate development
  • New research on the fast emerging Smart Reefer Container market
  • Reefer container freight rate trends & analysis
  • Containership fleet & reefer slot capacity forecasts
  • Tables, charts and graphs provided in Excel format

News

The time for higher BAF charges has come

The time for higher BAF charges has come
With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their chequebooks out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel.

ESC, Drewry announce an IMO 2020 BAF transparent indexing mechanism

Drewry and the European Shippers’ Council (ESC) have published a bunker adjustment factor indexing mechanism to help shippers monitor and control bunker charges in the run-up to and following the introduction of the IMO 2020 low-sulphur regulation.

New risks heap more pressure on beleaguered container market

The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year and the rest of the five-year horizon, in its latest Container Market Annual Review and Forecast.

Study findings: Drewry believes future online marketplaces could bring mutual benefit to both carriers and shippers

Online technology platforms where shipping lines and their customers can negotiate forward contracts could help improve vessel utilisation levels and reduce freight rate volatility, according to a joint study conducted by global shipping consultancy, Drewry and maritime supply chain technology provider, CyberLogitec.

Events

Outlook for finished vehicle shipping Briefing

Join us at 0900 GMT or 1600 GMT on Tues, 19 November 2019 for an online briefing on the outlook for finished vehicle shipping. The webinar will provide Drewry’s analysis and projections for finished vehicle trade flows, port trends, car carrier fleet development, freight rate and asset value outlook, as well as industry profitability. The session will be hosted by Tom Ossieur, Head of Car Carrier Research and Martin Dixon, Director, Head of Research Products at Drewry.

Optimised Ship Forum London 2019

Join Martin Dixon presenting the latest insights and findings from our Ship Operating Costs report.