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Rates on reefers rose continuously the past 12 months

Rising rates on the freight of reefer containers with food and other perishable items are directly correlated to the recent carrier consolidation, says Drewry.

The rates on reefers have risen continuously four quarters in a row. The steady increase in rates over the past 12 months has not been affected by the typical low seasons, shows Drewry's latest calculation in its Global Reefer Freight Rate Index.

According to senior consultant with Drewry, Stijn Rubens, the expectation is that the rates will continue their rise this year. The explanation for the rising rates on freight of reefers with food and other perishable items is directly correlated to the consolidation among carriers, which now have increased control over the rate development.

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