News / Decline in reefer rates 'less violent', but new green rules will hit old ships

© Hieronymusukkel

The reefer trade is proving fairly resilient in the downturn, unlike dry cargo container rates, and although reefer freight rates have fallen, they have not collapsed.

Drewry said today that, although it expected a further softening on reefer container rates on east-west trades, it would be “less violent” than in the dry cargo sector.

Moreover, on north-south trades the market was just entering the peak season, which would underpin rates on those services.

The slump in demand for dry cargo containerised traffic means ...