Hefty reefer rate rise irks shippers

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Danish shipping giant Maersk’s decision to levy the reefer rates has provoked wide criticism from shippers for its lack of consideration for supply and demand.  Shippers believe that such a sudden increase in the market will have a profound effect on their ability to be competitive, particularly as the increase is on a global scale, rather than an individual trade lane basis.  This article explores the ‘slap in the face’ reefer rate restructure and the claimed unjust data behind the decision.