ShippingWatch

Carriers way short of lucrative reefer rates

New analysis maps out the reefer market. Container carriers fell way short of achieving their massive 2013 reefer rate initiative, the author of the analysis tells ShippingWatch.

Maersk Line and the other container carriers that followed in its wake never come close to achieving the massive rate increase for reefer that they announced in the fall of 2012.

According to Kevin Harding, of London-based Sextant Consulting, which collaborates with analysts Drewry to produce analyses about the reefer market, select routes have registered rate increase in the interval 3-20 percent from August 2012 to August 2013, with a majority of the increases clocking in at the lower end of the scale.

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