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Consultancy predicts growth in reefer production

After production of reefer containers took a dive in 2016 due to cost-cutting at several shipping companies, it grew both during 2017 and 2018. And the coming five years will also see growth, Drewry assesses.

Photo: PR / Hapag-Lloyd

Maritime and supply chain consultancy firm Drewry predicts growth in the production of reefer containers during the next five years but also assesses that the supply-demand balance of reefers will "remain tight".

Production of reefer containers took a dive in 2016 due to cost-cutting at several shipping companies but grew in the subsequent two years. For the next five years, Drewry expects a compound annual growth rate (CAGR) of 4.5 percent. According to Drewry, this is slightly higher than the corresponding expected growth in container traffic.

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