Across the world's ten largest container shipping lines, the share of container space allocated to refrigerated (reefer) goods rose by nearly 8 per cent over the past year. According to ShippingWatch, the bulk of that growth was driven by two specific companies. The reefer segment plays a critical role in global food trade, pharmaceuticals, and temperature-controlled chemical transport.
Reefer container capacity has followed a steady growth trend over the past decade. Rising global trade in meat, fish, fruits, and dairy products and the expansion of cold-chain networks support this growth. Carriers are responding to long-term demand by raising the reefer plug ratio on new container ship orders.
The fact that reefer capacity is being driven by two carriers reflects market consolidation. Major global lines are investing in dedicated reefer services, temperature monitoring technologies, and reefer plug infrastructure at port terminals. Reefer shipping offers higher freight yield per ton compared with standard dry cargo, making investment attractive. Rising consumer demand in developing countries is expected to drive further reefer capacity growth in the coming years.
Key Takeaways:
1. Across the world's 10 largest container lines, reefer capacity rose 8% last year.
2. The bulk of growth was driven by two specific companies.
3. Reefer is critical in global food, pharmaceuticals, and temperature-controlled chemicals.
4. Major lines are investing in reefer services and temperature monitoring technology.
5. Reefer offers higher freight yield per ton than standard dry cargo.
