Bleak outlook for future of reeferships

PROSPECTS in 2010 remain depressed for the world’s estimated 1,160 reefer vessels, with rates to remain below five-year averages, even though the ageing global fleet is set to shrink further as the eldest are scrapped and little fresh tonnage begins trading.

Since 2002, net fleet growth has only been recorded in one year, 2007, at 0.1%, according to DnB NOR Markets’ Global Shipping 2010 report.
Fleet contraction is forecast to continue for the next four years until 2013, with the rate...

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