Reefer shipping one of very few growth markets as dry container business wallows
Reefer shipping outperformed dry cargo in the first half of 2016, providing one of the few growth markets in what promises to be one of the worst loss-making years for global container shipping.
Data collected between January and June by consultant Seabury shows reefer cargo racked up 163,000 extra teu on the same period last year. Chilled foods increased by 7% and frozen by 4%.
“Together with strong Latin American exports, global growth of containerised reefer cargo is, for a large part, driven by rapidly growing meat imports into China,” said Ronald Veldman, maritime business analyst at Seabury.
Source: The Loadstar