Dynamar (2019) REEFER Analysis - Market Structures, Conventional, Containers
The calm before the storm; 2019 has been an uneventful year in the reefer market but a shakeup is just around the corner. The reefer fleets, both conventional and container, have faced familiar, yet different challenges in the last year but 2020 is likely to be a defining moment for owners and operators alike.
With trade volumes continuing to show healthy growth, there is no shortage of demand for reefer shipping, yet challenges on the supply side are coming thick and fast. Conventional carriers are perhaps running out of time to operate their old, fuel-hungry ships and container lines have to make a judgement call between settling on scrubbers or switching to alternative fuels. In an already challenging market, these decisions will be crucial.
The IMO2020 deadline could be yet another step in the direction of the containerisation already seen amongst the major fruit traders, or the conventional stalwarts could stubbornly defend their dwindling market share, focussing solely on their most profitable cargoes. Either way, the substantial increase in fuel costs will have to be covered one way or another and the means by which this is done will see the making or breaking of many carriers. Elsewhere, trade tensions continue to cause uncertainty and instability around the globe, adding yet another hurdle for hard-pressed operators.
It is clear that 2019 has been a period of relative calm in the turbulent territory that is the shipping market but 2020 is building up to be bumpy ride for many. The stage is set but much could still unfold, will IMO2020 be another decisive step in the decline of the conventional reefer? Can container carriers continue to capture conventional cargoes? Can a spike in scrapping save those able to shoulder the squeeze?
All this and more can be found in Dynamar’s recently released tenth edition of its always well-received annual reefer trade study.
'Dynamar (2019) REEFER Analysis - Market Structure, Conventional, Containers' reports, in-depth, on anything reefer relevant, including:
- Historical and technological developments in reefer shipping
- Worldwide perishables trades by year, area and by country
- Seaborne trade flows, conventional, containers, and related port infrastructure
- Conventional reefer and container ship fleet development and forecasts up to 2030
- Top 15 conventional reefer ship operator profiles
- North/South Reefer heavy container trades, per carrier and overall
- Top 10 reefer container operators
Dynamar's Reefer Analysis applies the most recent trade statistics on reefer commodities, supplemented with up-to-date port, vessel, box and carrier fleet statistics. It delivers a profound insight into the background, characteristics, goings and present status of the worldwide perishables shipping market and its most relevant players. It is a must read for anyone involved in cold logistics.
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