Future reefer shipping growth will come from accelerating trade in exotic fruits according to Drewry, with new technology lengthening potential shipping distances and opening up markets where discretionary spend is rising.
Growth in the reefer shipping trade has largely been driven by soaring demand for proteins into swine flu-ravaged Asia, but this trend is expected to recede as domestic pig stocks recover, noted the analyst’s latest report.
Seaborne reefer trade growth has broadly matched that of dry cargo over the past 10 years, expanding at an average annual rate of 3.8%, with proteins and bananas accounting for 52% of traffic last year.
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