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Giant leap in reefer rates on the Pacific

Long-term rates for reefer containers on the route between the US west coast and Asia increased by almost 60% in April and are thus the highest ever, according to analyst firm Xeneta.

Photo: PR / Hapag-Lloyd

Recently, it has become significantly more expensive to transport reefer goods across the Pacific Ocean – not least if one intends to ensure stability in the supply chain by making long-term contracts.

According to analyst firm Xeneta, rates on one-year contracts for reefers have soared by approximately USD 2,000 – or almost 60% – for a forty-foot unit.

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