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Reefer Trade News

04 Sep 2019

ONE Expands Reefer Fleet

Container line Ocean Network Express (ONE) is adding another 6,000 refrigerated containers (reefers) to its fleet as the trade continues to outperform that for conventional boxes.The new Reefer would expand its current refrigerated container (reefer) fleet of 240,000 TEU. Reefers include 500 units equipped with advanced Controlled Atmosphere (CA) technology which slows down the respiration and ripening process to maximize the shelf life of fruits and vegetables.These reefer containers will be made available for accepting new bookings towards end of the year to meet reefer peak season global demand around the world.ONE has one of the largest…

08 Aug 2018

Seaborne Reefer Trade Continues to Expand: Drewry

Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development, according to Drewry’s latest Reefer Shipping Annual Review and Forecast 2018/19 report, by global shipping consultancy Drewry.Global seaborne reefer trade continues to expand, posting a gain of over 5% in 2017 to 124 million tonnes, a big improvement on trend growth over the past 10 years of 3.6% a year. Underpinning this progress was strong growth in banana, meat and fish trades.Drewry estimates that containerised reefer traffic expanded by 8% in 2017, outpacing the growth in overall seaborne reefer trade.

26 Sep 2017

Container Lines Speed up Their Assault on Reefer Cargo

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 the latest edition of the Reefer Shipping Market Review and Forecast 2017/18 published by global shipping consultancy Drewry. In 2016, the estimated perishable reefer cargo split was 79% in reefer containerships and 21% in specialised reefers. By 2021 this modal split is forecast to have changed to nearer 85% and 15% in reefer containerships and specialised reefers respectively. One interesting development in 2017 saw specialised reefer operator Seatrade team-up with CMA CGM to provide a 13-vessel reefer container service offering a weekly sailing between Europe and Australasia.

14 Sep 2016

Perishable Reefer Trade Growth to Remain Strong

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…

24 Aug 2015

Reefer Trade Appears Unstoppable

Despite a variety of adverse economic and climatic conditions, perishable reefer cargo growth appears unstoppable, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast. Worldwide perishable reefer trade increased by 1.8% in 2014 – reaching almost 190 million tonnes. Although this was barely half of the growth seen in 2013 it nevertheless represented a continuing growth pattern. With the exception of the citrus trades, all perishable reefer cargoes saw trade growth in 2014. Having also reviewed key bi-lateral trades in the report for the first time, some interesting figures are revealed – not least of which being a significant decrease in the citrus trade over the last three years between the US and Japan.

22 Sep 2014

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast, referred to here in an extract from DMR's latest 'Container Insight Weekly'. Specialised reefer operators peaked some years ago in terms of cargo volumes and are now having to contend with falling volumes and market shares as container lines move further into their territory. However, this does not necessarily mean they cannot survive and looking at the limited number of public companies reporting financial returns, profitability is indeed achievable. To protect their future viability, specialised reefer companies must now reinvent themselves to protect their undoubted expertise in this field.

12 Aug 2014

Drewry: Reefer Box Capacity to Grow 22%

Reefer capacity on the containership fleet is expected to increase by 22% over the next five years, at the expense of a declining specialized reefer fleet, according to Drewry's latest Reefer Shipping Market Annual Review & Forecast. Reefer box capacity is expected to grow from 1.6 million 40ft slots in 2013 to 1.9 million slots in 2018. However, this fleet growth is not expected to adversely impact vessel utilization levels thanks to strong cargo growth. Reefer container volumes are forecast to rise by 20.5 million tonnes over this period…

31 Mar 2014

World’s Largest Reefer Ship at HAROPA-Port du Havre

Cap San Lorenzo

On March 27 and 28, HAROPA-Port du Havre accommodated the Cap San Lorenzo, a container vessel of 9,600 TEU delivered by Hyundai to the German shipping company Hamburg-Süd. Being the fourth of a series of six vessels of the Cap San class, the Cap San Lorenzo has a reefer capacity of 2,100 plugs on board and 9,600 TEU, which makes that the vessels are the biggest refrigerated containerships in the world. With a length of 333.2 meters, the Cap San Lorenzo has the particular feature of being proportionally very broad (48.2 meters).

04 Dec 2013

‘Cold-Treated’ Produce Approved for U.S. Import

APL said it has brought in the first cargo of Peruvian grapes here, clearing local pest control import requirements through cold treatment technology applied on the fruit during their transit from Paita to Miami. Consigned by Complejo Agroindustrial Beta, a producer of table grapes in Peru, some 1,600 boxes of Thomson seedless grapes arrived at the Port of Miami as part of a six-month long cold treatment pilot program aimed at assessing the feasibility of importing ‘cold-treated’ Peruvian fresh produce into Florida. Import protocols for fruit and vegetables vary across the U.S. states.

24 Sep 2013

Trade Increase Hides Specialized Reefer Vessels Uncertainty

Drewry’s latest Reefer Shipping Market Annual Review and Forecast reports that worldwide perishable reefer trade increased by 52.1 million metric tons between 2002 and 2012, which represents by a combined annual growth rate (CAGR) of 3.6%. Seaborne perishable reefer cargo has increased by a CAGR of 3.3% (25.6 million metric tons) from 66.8 million metric tons in 2002 to 92.4 million metric tons in 2012. The highest percentage growth continues to be seen in the exotic fruit category (pineapples, kiwifruit and avocadoes). Despite its relatively small volume of 4.5 million metric tons in 2012, this sector has grown by a CAGR of 9.1% since 2002. In terms of tonnage, the highest growth has been in the meat category (comprising poultry, pork, beef/veal, offal and sheep meat).

19 May 2011

OOCL Executive Changes

OOCL is pleased to announce the following executive movements in our headquarters and Hong Kong regional office, effective from June 13, 2011. Ms Miranda Lou, currently Managing Director, OOCL Hong Kong Branch will succeed Mr Taylor Gao as Director, Asia-Europe Trade after Mr Gao’s resignation from the company of his own accord. Mr Teddy Fung, currently Director, Reefer Trade, will be appointed as Managing Director, OOCL Hong Kong Branch. Ms Pamela Tung, currently Director, Trans-Atlantic Trade, will be appointed as Director, Reefer Trade.

04 Oct 2007

Reefer Shipping Continues to Thrive

Despite reports stating that the specialist reefer industry continues to lose market share to the reefer container operators, cargo volumes are increasing overall and as a result the specialist reefer carriers are not suffering a reduction in cargo volume. Drewry Shipping Consultants Ltd., leading maritime consultants, has released its latest Reefer report “Annual Reefer Shipping Market Review and Forecast 2007/08”. The report outlines how world reefer trade has grown from 84.6 million tonnes in 1995 to 132.7 million tonnes in 2005, a compound annual growth (CAGR) of 4.6 per cent. Based on current economic forecasts, reefer trade should show strong growth with world trade in perishables set to increase to 199.5 million tonnes in 2015.

10 Nov 2005

North Europe – Morocco KNSM Service Upgrade

Maersk Sealand and P&O Nedlloyd announced the upgrade of the direct KNSM service between North Europe and Morocco. To replace existing smaller tonnage, the companies will, beginning at the end of November 2005, phase in two larger and faster vessels, each with a capacity of over 400 TEU (at 14 tons/TEU). The upgraded service will include Bremerhaven, Germany in a new weekly fixed day rotation of Bremerhaven; Casablanca (Morocco), Agadir (Morocco), Rotterdam (Netherlands), Bremerhaven. The companies say the new transit times are improved, including Agadir to Rotterdam in 4 days, and Bremerhaven to Casablanca in 5 days. The KNSM service will be connected to Maersk Sealand's Scandinavia and Baltic feeder systems at Bremerhaven.