- UK & IRL Avocado Trader
- Managing Director, UK
- Teelt Specialist Potplanten
- Sales Manager Bio / Netherlands
- Production Manager
- Assistant Professor - Controlled Environments Entomologist
- Technical Development Specialist | Horticulture | France
- Director of Business Development | Middle East | Agtech
- Farm/Production Manager; Berlin (m/w/d)
- Trader Asian Market
Top 5 -yesterday
Top 5 -last week
- “I don’t know how blueberry farmers are going to survive”
- South African orange shipment reveals R75 million worth of cocaine
- Shelf-life extension technology reduces brown stems in grapes
- “Laser micro-perforated bags extend bananas' shelf life by three weeks”
- Blueberries will be the main focus at the next Macfrut
Top 5 -last month
Strong growth in trade, despite a weakening specialised reefer fleet
Seaborne perishable reefer trade has grown to total 90.9 million tonnes in 2011. In terms of tonnage, the highest growth has been in the meat category which grew from 21.4 million tonnes in 2001 to 35.9 million tonnes in 2011. The worldwide trade of bananas/plantains has grown from 13.2 million tonnes in 2001 to 15.7 million tonnes. Following three successive years of declining volume the banana trade increased by almost 10% in 2011.
Drewry Maritime Research forecasts continued growth in perishable reefer cargo for 2012. Beyond that, population growth levels and GDP levels will see trade increase at an average rate of over 4% a year to 2016.
It is however not all good news for the market. The specialised reefer fleet continues its inexorable decline with a reduction of 234 vessels and 81 million cubic feet in the last ten years alone. During 2010 and 2011 a total of 77 vessels (28.2 million cubic feet) were scrapped. As of mid-2012 a further 42 vessels have been added to that list and by year end it is forecasted that scrapping levels will have exceeded the record levels set in 1993 and 1999. Meanwhile the orderbook is currently empty for the specialised reefer fleet.
In contrast to this over 500 containerships are yet to be delivered, whilst the refrigerated container box fleet growth hit a record 13% during 2011 and ended the year at 2,048,00 teu. This was almost double the 6.6% increase achieved in 2010 and is, in fact, one of the highest rates of annual growth ever reported for the reefer box sector.
The two fleets are moving in opposite directions and it is impossible to see this changing significantly but it may not be all bad news for the specialised reefer industry. The containership operators are becoming more vocal in their need to increase reefer rates. As supply and demand shifts, time charter rates will once again start to increase. Survival in the specialised reefer industry appears to be achievable for the moment, based on its distinct advantages, expertise and service.
Source: Reefer Shipping Market Review and Forecast 2012/13 published by Drewry Maritime Research in Oct 2012.
For more information:
Drewry Maritime Research
Tel: +44 (0)20 7538 0191
Fax: +44 (0)20 7987 9396
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-12-08 Forecasts that perishable export volumes will fall slightly in 2022 before rebounding again in 2023
- 2022-12-08 "To date, we have already loaded four ships with 2,507 containers of cherries"
- 2022-12-08 COSCO Shipping Lines withdraws express China-Canada-US service
- 2022-12-08 The challenge of international logistics is still huge, and a large number of containers are empty
- 2022-12-08 Global container volumes start falling
- 2022-12-07 Fruit tasting for terminal workers at Port of Cape Town
- 2022-12-06 New partnership to enable optimisation of global food supply chain
- 2022-12-06 MSC directly connects India and the West Mediterranean
- 2022-12-06 Mundra Port container volumes pick up again
- 2022-12-06 Latin American air freight recovering well
- 2022-12-06 Rail strike averted after US Congress votes to confirm deal
- 2022-12-05 Chile truck strikes continue, new disagreement between truckers and government arise
- 2022-12-05 First direct train from Laos to China arrives with 543 tons of fruit
- 2022-12-05 AFBF applauds bipartisan effort to keep economy moving
- 2022-12-05 "We suspended sales of high-cost 4G products and promoted cost-effective USB temperature and humidity loggers"
- 2022-12-05 Profit shocks forecast for carriers in fourth quarter
- 2022-12-02 Schedule reliability continues on its upwards trend
- 2022-12-02 EU agrees provisional ETS deal for shipping industry
- 2022-12-01 Vessel delays/early arrivals, blank sailing and extra-loaders increase volatility in number of sailings per week
- 2022-12-01 Weak trade forces down container freight rates on South America’s east coast