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Perishable Reefer Trade Growth to Remain Strong

Graph: Drewry Shipping Consultants Limited

 Despite many adversities for the maritime sector over the last year, seaborne perishable reefer trade increased in 2015 – and is forecast to grow further still in 2016.    By 2020, seaborne reefer cargo will reach a staggering 120 million tonnes – increasing by an average of 2.5% per annum, according to the latest edition of the Reefer Shipping Market Review and Forecast 2016/17, published by global shipping consultancy Drewry.   While future seaborne cargo growth levels are lower than those of the last decade (3.1%), such increases will have a direct effect on both container lines with reefer capacity and specialised reefer operators.    With over 400 containerships with reefer capacity yet to be delivered, and possibly more still to be confirmed, Drewry looked at the effect this will have on capacity utilisation. Based on the confirmed orderbook, reefer utilisation will actually improve as a result of the increased seaborne cargo volumes and rising market share for the reefer containership mode.   On the other hand, with a reducing specialised reefer fleet, not only will this mode see its cargo volumes decrease, but also its market share will reduce year-on-year. Nevertheless, it currently provides around 5% of overall reefer capacity yet carries in excess of 23% of total seaborne perishable reefer cargo – and is set to continue to “punch above its weight”.  


Chiquita Sells 12 Ships for $227m

Banana producer Chiquita Brands International will sell 12 refrigerated cargo ships for $227mto an alliance of Eastwind Maritime Inc. and NYKLauritzenCool AB. The deal will allow Chiquita to lease back 11 of the ships for at least 7 years, with an option for 5 more years and the other ship for 3 years with an option for 2 more years. The sale includes eight reefer ships and four container ships. Source: Reuters


Analysts Expect Rise in Reefer Capacity

Photo: CMA CGM

Reefer containership capacity to increase 20 percent by 2018 - Drewry   Though specialized reefer fleet is shrinking and shows no signs of reversing in the future, the reefer containership fleet has increased by 15 percent year-on-year and is set to grow 20 percent by 2018, according to maritime research and consulting services provider Drewry’s latest Reefer Shipping Market Annual Review & Forecast.   


J. Lauritzen Buys Cool Carriers

J. Lauritzen bought Cool Carriers AB for $35.4 million from Norwegian shipping group Leif Hoegh & Co. ASA, a step in consolidation of the reefer vessel market. "The acquisition will be financed through a capital injection of 215 million crowns ($25.5 million) from the parent company J. Lauritzen Holding," it said. Reefer vessels are equipped with refrigeration facilities to transport perishable foodstuffs. The takeover of the Swedish-based group, effective January 1, 2001


Star Reefers, NYK Enter Agreement

Norwegian shipping firm Star Reefers has agreed with Japan's NYK to create a new joint pool and marketing company owned 50 percent each. The new company will be called NYK Star Reefers Ltd. and will control a combined fleet of 74 refrigerated vessels currently owned by the two firms, Star Reefers, formerly called Swan Reefer Inc., said in a statement. "This merger is a further step towards greater consolidation and regrouping of the owners in the industry -- which has experienced a number of


UASC Expanding its Reefer Business

Photo courtesy of UASC

United Arab Shipping Company (UASC) has confirmed  that its reefer business will continue to expand. Following several initiatives including investment in new reefer units, and a cooperation agreement with Hamburg Süd opening up new services to South America, UASC said it aims to highlight its growth during WOP 2015, the international perishables expo for the Middle East being held at Dubai World Trade Center from October 5-7.


Hapag-Lloyd orders 5,750 state-of-the-art Reefers

Photo by Hapag-Lloyd

With delivery beginning in October 2016, the new order strengthens market position in the transport of temperature-sensitive goods / Tests with new refrigeration equipment and natural refrigerants.   Hapag-Lloyd will also be investing in its container fleet this year: The liner shipping company has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units.    


Grangemouth Port sees Record Volume

Derek Knox, Port Manager for Grangemouth in the port’s busy reefer container compound. Photo Port of Grangemouth

The Port of Grangemouth, Scotland’s largest container facility has enjoyed one of its busiest seasons, with over 50,000 TEUs (Twenty Foot Equivalent Units) being handled at the port in the last two months. This four-year high is the result of a buoyant fresh food export season utilising the port’s refrigerated container handling capability which has set Grangemouth on track for record breaking volumes this quarter.


New Reefer Customer Service Desk

CMA CGM (America) LLC announced that they will launch a new dedicated export reefer customer service desk on March 30, 2009.  The new Export Reefer Customer Service Desk will be based in the Norfolk, Virginia office, and will give export refrigerated cargo customers access to a dedicated team of customer service representatives that can help customers place or modify bookings, track and trace cargo, process documentation and/or assist with problem resolution.


Leif Höegh & Co. Sells Four Reefer Vessels

Leif Höegh & Co. ASA (LHC) has sold four "Crystal" class reefer vessels to Reederei F. Laeisz (2 vessels) and Thien & Heyenga GmbH on private terms. The "Crystal" vessels are built in 1992 and have a cargo capacity of 375 000 cbft. Delivery to the new owners will take place during the third quarter. The sale of these last wholly owned reefer vessels is concluded in accordance with the company's strategy to exit the reefer segment. After the sale LHC owns 36% of two reefers.


Hapag-Lloyd Names First of Five 10,500 TEU Box Ships

Valparaíso Express (Photo: Hapag-Lloyd)

Hapag-Lloyd held a naming ceremony for the first of its five new vessels in its new 10,500 TEU class containerships, Valparaíso Express.   Valparaíso Express was named by Rozío Gonzaléz – wife of Andrónico Luksic


CMA CGM Rolls out Adrimed Express Line

Map: CMA CGM

 CMA CGM, a leading worldwide shipping group, has announced the new service offer Adrimed Express which directly links the ports of the Adriatic Sea and Egypt.   This innovative, fast and reliable service links Egypt, Malta, Croatia, Italy, and Slovenia


NYK Procures 4,700 Refrigerated Containers

photo by NYK

NYK has placed an order for 4,700 additional brand-new 40-foot refrigerated (reefer) containers, and the delivery of the new containers commenced in November. NYK procured 5,500 of the same type of containers last year, and the average age of company’s fleet of over 40


CMA CGM Improves ECS Service

Map:  CMA CGM

 CMA CGM is pleased to announce an improved service offer directly connecting North Europe with Central America. The enhanced ECS service will provide one of the shortest transit times on the market, linking Rotterdam from Costa Rica in only 14 days and adding London as a port of call in 15


Colombia: Refrigerated Containers Drive Foreign Trade

Photo: Maersk Line A/S

 Maersk Line just published its Colombia trade report for the third quarter of 2016.   Total reefer share of Colombia's exports increased to 21% in Q3 2016 - up from 12% in 2015 - with pineapple and banana the strongest performing products.  


APL Expands Latin America Service Network

Photo: APL

 APL has announced the launch of the Colombia Bridge Express (CBX) Service – a weekly feeder service which connects the major markets of Colombia and Kingston in Jamaica.    Via APL global linehaul services at the key transshipment hubs of Cartagena and Kingston


Eimskip to Acquire Nor Lines

(Photo: Eimskip)

Eimskip has entered into an agreement to acquire the Norwegian shipping and logistics company Nor Lines. The business, with about 200 employees and an estimated annual turnover of approximately EUR 110 million, will be restructured in order to be aligned with Eimskip’s current operations in


Samskip Completes Reefer Acquisition

One of five reefer vessels now acquired by Samskip Logistics - renamed Samskip Arctic (Photo: Samskip)

Silver Green AS, owned 50% by Samskip, is changing its name to Silver Sea AS to mark the finalization of a series of ownership changes. The new name reflects a consolidation by Samskip of its position in the reefer vessel segment, including the strengthening its ownership in the company and direct


Hapag-Lloyd Invests in its Reefer Fleet

Photo: Hapag-Lloyd

Announcing further investment in container fleet, liner shipping company Hapag-Lloyd has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units. In addition, 1


Evergreen Line Expands Adriatic-Israel Service

Photo: Evergreen Shipping Singapore

 Evergreen Line is to partner with COSCO in operating a joint Adriatic - Israel (AIS) Service. The new initiative opens up the corridor between North Adriatic ports, Piraeus and Israel, and provide direct and speedy service to customers.  


Maersk Line Orders 14,800 New Reefer Containers

File photo: Maersk Line

Maersk Line has ordered 14,800 new reefer containers in 2016, driving the average age of its 270,000 unit reefer container fleet down to 7.9 years.   Part of the reefers replace older equipment, and add to the 30,000 reefers acquired by Maersk Line in 2015.  


Freight Rates in Europe-ECSA Trade Continue Declines

Preliminary data; All data includes dry, reefer and tank cargoes Source Datamar

Container volumes from North Europe and the Mediterranean to the East Coast of South America have now fallen in 26 of the previous 28 months, with the latest statistics from Datamar showing that shipments fell by 8% year-on-year in July. It is the smaller Med to ECSA trade that continues to


APL Satellite Tracking Service Gets Smarter!

Pic: Neptune Orient Lines

 Taking live monitoring of reefer cargoes beyond temperature and humidity tracking, APL is introducing real-time oxygen and carbon dioxide monitoring capabilities to its industry-pioneering satellite tracking system, SMARTemp.   


Gibdock Bolsters German Ties

Photo: Gibdock

Returning customers and a new client saw Gibdock prominent in the repair schedules of German ship managers in the first half of 2016, with sterling’s post Brexit depreciation also sharpening the Gibraltar yard’s competitive edge for the rest of the year.    


Growth in the Leased Container Equipment Fleet to Slow

Source: Drewry Maritime Research

 Following markedly slow growth of just 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than 1% in 2016, according to the latest edition of the Container Leasing Industry Annual Report 2016






 
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