Aug 2023: Our latest annual review and forecast for the reefer shipping market is now available to purchase and download from our online store.
Latest update: 09 Apr 2024
Slowing increase of insurance costs a relief for vessel operators – uncertainty of war risk
With marine insurance being an important component of vessel operating costs, we have done a review of the latest trends in P&I and H&M as part of the assessment for Drewry’s upcoming Ship Operating Costs report.
22 Feb 2024: Reefer shipping rates rise to be temporary as excess capacity plugs gaps
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. While the subsequent re-routing of cargoes continues to add some delays and complexity in repositioning reefer equipment, this is not expected to have a long-term effect on freight rates.
21 Nov 2023: Seaborne reefer trade to contract for the second consecutive year
In the final quarter of the year, the outlook for seaborne reefer trade has weakened with cargo demand now expected to post a second consecutive year of decline. Meanwhile, transit restrictions on the drought-stricken Panama Canal are starting to impact vessel capacity serving exports of perishables out of the West Coast of South America.
These include:
Each of these sectors is characterised by very different dynamics and characteristics, requiring highly specialised understanding of these niche trades.
As a trusted, independent voice in the market, our team of specialists are regularly asked to present their research findings into market trends and future predictions for multipurpose and reefer sectors at leading industry conferences around the world.
In addition to detailed market analysis and rigorous forecasting we offer market leading analysis of the trade affecting the principle vessel categories as well as appraisal of shipping finances, including pricing, operating costs and investment returns. We challenge conventional wisdom through our deep understanding of the trade dynamics driving demand for different vessel types in all corners of the world.
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