LONDON, UK--Reflecting the shift in the reefer market away from specialised reefer vessels, Drewry's Reefer report has dedicated an entire chapter of analysis and insight specifically for the containerised reefer market.
With the continued shrinking of the specialised reefer fleet it is anticipated that increased cargo volumes, no matter how small, will have to be shipped by reefer container vessels.
"The market share between the two modes continues to move in favour of the containership and, with the specialised reefer orderbook remaining at zero (at least for the time being), it is inevitable that this trend will continue," said Drewry analyst Kevin Harding.
Seaborne reefer trade reached 92.4 million tonnes in 2012, with the highest growth seen in the exotic fruit category. Despite its relatively small volume of 4.5 million tonnes in 2012, trade has grown by 9.1% a year on averagesince 2002, said the report.
In the first half of 2013, time charter rates improved and scrapping had shrunk the fleet to more manageable levels.
Drewry’s Reefer Market Review takes a look back at the developments over the last year and how they sit within the broader 10 year picture of the reefer market. Then through forecasts up to 2017 the scene is set for future changes.
Detailed insight and exploration is also given to:
• Containership fleets including the fleet orderbook to 2016
• Capacity analysis: container versus specialised
• Financial overview and container rates
• Selected container lines fiscal results
• Reefer container box fleet profile and development 2007-2012
• The future along with Drewry global supply/demand balance
• Projected worldwide trade of perishable reefer cargoes - 2011-17
• Forecast development of the reefer market supply-demand balance - 1Q13-1Q16