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"A lot of places in the world at the moment lack Reefer equipment. Additionally,
Dry Container rates keep increasing to levels above Reefer Containers.
As a result, shipping lines allocate space rather to Dry instead of Reefer Containers. This causes that expensive Reefer equipment sometimes is stuck for more than
6 months in Asia even though there is more than enough Reefer cargo to ship.
Now rates keep increasing also for Reefers; more than 50% in Q3-Q4 YoY.
So how can Chinese Ginger be sold in Europe if transportation costs are same as the product selling price? Itβs a bizarre situation!
We will see this continuing in 2022 and potentially in 2023; i.e. less products in the supermarkets and mainly larger shippers with strong financial background being able to ship! Freezing Times ahead."
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- 2 years ago
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