Dutch reefer specialist Seatrade, which operates close to 100 reefer vessels, is now embarking on a fleet renewal that will require investments at this point totaling USD 250 million. ShippingWatch has interviewed the carrier's chairman, Yntze Buitenwerf.
Niche carriers, which only sail with refrigerated containers, stand to lose some of their market share to the major container carriers in coming years. However, the market for refrigerated transport will grow, says analyst firm Drewry.
Hapag-Lloyd has, by its own account, grown significantly in the reefer segment following the merger with United Arab Shipping Company. The carrier has therefore now ordered 7,700 reefer containers, set to be produced in Chile.
Starting next month, Maersk Line's customers will be able to monitor where the carrier's reefer containers are located as well as the internal temperatures. This comes in response to requests from customers, says CCO.
Shippers in the Global Shippers' Forum were already sounding the alarm this March about the consequences for importers and exporters of goods such as food. Their concerns surfaced in relation to the merger of Maersk Line and Hamburg Süd and have only grown in the months since.
MSC is taking over full ownership of one of Brazil's most important export ports in Portonave for almost USD 400 million. The container carrier thus solidifies the concentration of carriers in Latin America's largest economy.
The EU Commission will definitely take a critical stance on the size of the market share that would potentially befall a combination of Maersk Line and Hamburg Süd, says Lars Jensen of Seaintelligence Consulting.
The container industry will struggle with weak rates for at least another three to four years, notes Hamburg Süd's CEO according to Bloomberg. Trigger factors include the number of new container ships going back up while the sector's growth will be far below global growth, he says.
After five years on development, Maersk Line has implemented new technology in the battle for the crucial reefer customers. 24-hour surveillance of 262,000 reefer containers at sea will make the difference, says Catja Hjort Rasmussen, Head of Remote Container Management at Maersk Line.
Reefer freight rates are historically low, says the Global Director of Reefer at Kuehne+Nagel during the biggest reefer event of the year in Berlin. And the rates will dip even further in 2016, says Hapag-Lloyd's Managing Director of South America, Andrés Kulka.
Years of intense scrapping of conventional reefer vessels came to an end in 2015, a year that also brought more orders for newbuildings. But the major container vessels still look set to conquer the market.
Maersk Line is investing in thousands of new reefer containers for, among other trades, the highly lucrative market out of Latin America which currently finds itself under pressure. ShippingWatch has interviewed the carrier's new Global Head of Reefer Management, Shereen Zarkani.
Maersk Line investerer i tusindvis af nye kølecontainere bl.a. til det vigtige reefermarked ud af Latinamerika, som er kommet under pres. ShippingWatch har interviewet rederiets nye chef for Reefer Management, Shereen Zarkani.
Container carriers are increasingly opting to bet on the reefer business by installing plugs on the vessels, whereas the specialized reefer fleet is shrinking. This development will continue ahead of 2015, reports Drewry.