Drewry: Reefer container availability to remain tight

Reefer container equipment availability will remain tight over the next few years which will impact shipping capacity supply and freight rates at seasonal peaks according to Drewry.

Production of new refrigerated containers recovered during 2017 and gathered pace in 2018 after a dramatic halt in expenditure by cash-strapped carriers in 2016.

Drewry expects the reefer container equipment fleet to maintain a CAGR of 4.5% over the next five years which is slightly ahead of anticipated growth in containerised cargo traffic but will not be sufficient to bring supply back into equilibrium.