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Reefer Shipping Annual Review & Forecast 2023-24

Aug 2023: Our latest annual review and forecast for the reefer shipping market is now available to purchase and download from our online store.

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Latest Updates

Reefer shipping rates rise to be temporary as excess capacity plugs gaps

22 Feb 2024: The recent rise in reefer shipping rates is expected to prove short lived, as the trade adjusts to the rerouting of vessels and excess containership capacity is deployed to support longer transit times.

Reefer shipping remains resilient despite 2022 trade contraction

Reefer container freight rates continue to outperform the dry cargo trade, despite an unprecedented contraction in reefer seaborne trade last year, and this divergence is forecast to continue over the next few years, according to Drewry’s recently published Reefer Shipping Annual Review and Forecast report.

Reefer container freight rates stabilising but to outpace dry box pricing

16 Aug 22: Reefer container freight rates rose over 50% in the year to 2Q22, matching gains made in dry cargo pricing, and are estimated to increase further in 3Q22, outgunning dry box rates. But some stabilisation in reefer container freight pricing is anticipated by year-end followed by a modest decline through 2023, as cargo owners push back on unsustainable freight rate increases, according to Drewry’s recently published Reefer Annual.

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We offer specialist advisory services to support operational, planning, strategic and investment needs in the multipurpose, offshore, PCTC, car carrier, ferry and cruise liner sectors. As well as operational and technical due diligence services we also conduct bespoke market analysis, financial modelling and feasibility studies to support the commercial and strategic objectives of owners and operators, investors and other stakeholder with interests in these highly specialised areas.

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