High prices for refrigerated freight are expected to persist until 2023

While industry professionals believed the ongoing supply chain disruption could resolve itself by mid-2022, experts now believe the situation may continue until 2023.

 

According to Drewry in the recent publication of his Global Reefer Container Freight Rate Index, a study of the average prices on the top 15 trade routes with intensive refrigeration freight, the price increased by + 48% until the 3rd quarter of 2021 and could reach + 55% by the end of the year.

 

Freight prices for refrigerated containers are expected to continue to rise and Drewry now believes this situation will continue into the next year and that it will take until 2023 for an improvement.

 

For the year 2021, refrigerated maritime traffic should register an increase of + 3.2% and reach 136 million tonnes, a little less than previous estimates. All products are growing in 2021, with the exception of bananas. The banana trade is expected to end the year 2021 with a variation of -5%, due to persistent crop disease in the Philippines and low banana prices in general.

 

Lesser value cargo shipments like bananas, onions, citrus fruits or frozen vegetables now face much higher shipping costs after benefiting for several years from relatively low freight prices that helped them develop. distant markets.

 

 

source : hellenicshippingnews.com