Container shipping lines are increasing their share of the seaborne reefer market, and are forecast to accelerate their assault over the coming years, according to Drewry’s latest Reefer Shipping Market Review and Forecast.
Contract freight rates paid by Beneficial Cargo Owners to move their products by container have increased for a 4th consecutive quarter, according to actual contract rate data from the Drewry Benchmarking Club.
International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years, and must adapt their procurement and contract strategy, according to Drewry Supply Chain Advisors.
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