Reefer container freight rates soar but remain outgunned by dry box rates

Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s Reefer Shipping Forecaster

Photo by Ian Taylor on Unsplash

Drewry’s latest Reefer Shipping Forecaster predicts tight availability of reefer containers for some time to come and the recovery in seaborne perishables trade is expected to be muted this year by the Fusarium TR4 disease afflicting banana production.

Recovery in seaborne reefer traffic is expected to be limited to 2.7% in 2021.

Source: Drewry