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Despite the impact of aggressive ocean carriers eating into their business, there is still a thriving market for specialist reefer operators; but they “need to diversify to protect themselves”, according to the annual Reefer Shipping Market Annual Review and Forecast from Drewry Maritime Research.

Drewry says container lines have been attracted to the reefer sector by the seduction of higher rates and strong cargo growth, its latest analysis predicts a 17% expansion of the total seaborne perishable reefer trade in the ...

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