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Reefer container freight rates are soaring, but shipping lines still can’t cope with the seasonal demands of perishables, according to shipping consultancy group Drewry.
With a big uptick in seasonal cargo demand together with rising bunker charges, a weighted average of rates across the top 15 “reefer-intensive” tradelanes jumped 26% in the first quarter, reported Drewry.
Tight container supply is adding to the problem and despite record reefer production levels, container shortages are expected to continue beyond 2021.
For customers, this presents a very challenging scenario.
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