Drewry: Reefer transports to grow 22 percent

Reefer capacity in the container fleet will increase 22 percent over the next five years in a market with strong demand, according to Drewry. The smaller specialized carriers will face difficulties.

The total reefer capacity in the container fleet will grow 22 percent over the next five years, and the big carriers will gain ground at the expense of the smaller reefer specialists, says Drewry in its latest Reefer Shipping Market Annual Review & Forecast.

However, this significant growth is not expected to have a negative impact on the utilization rate of the vessels, thanks to a strong demand. Drewry estimates that the combined reefer volumes will increase by 20.5 million tons ahead of 2018, of which 16.5 million will come from organic growth and 4 million from the shrinking specialized fleet in the reefer industry.

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