2019 the 'calm before the storm' for conventional reefer shipping, says analyst

Last year was the “calm before the storm” for conventional reefer shipping, according to Dynamar.

The expected surge in fuel costs from IMO 2020 is likely to accelerate scrapping of conventional vessels and the switch to containerships, said the analyst.

Furthermore, trade tensions continue to cause concern among shippers and carriers, both containerised and conventional, with the slowdown in major economies leading to “an erratic end to the year in terms of trade flows”.

“The worldwide trade in perishable cargo continues to grow ...