Ocean reefer market outlook and update

After a challenging first few months, the global reefer market is peaking up slightly and the forecast looks positive. The expectation is to finish the year up by 2-3 percent. The sales volumes for January and February have been even lower than the already decreasing results observed in 2022. Significant decreases were observed in the Transpacific Trades (including those between South America and the Asia Pacific), Intra-Asia trade, as well as TransAtlantic Eastbound flows. Despite the stronger performance of trades, Far East Westbound or Middle East related, they were unable to compensate it. In March and April, volumes have improved […]

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