Reefers facing market share challenge from container owners
REEFER vessel operators face a “precarious” future as containers continue to eat into their market share, with unitised reefer traffic accounting for 56% of seaborne perishables last year and set to reach 71% within six years.
That is the forecast of Drewry Shipping Consultants, which has pointed out that one of the top six reefer operators, Eastwind, filed for Chapter 7 bankruptcy this year.
Despite the global downturn in trade, Drewry foresees a return to...
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