Bleak outlook for reefership rates in 2010

Michelle Wiese Bockmann - Tuesday 9 March 2010

PROSPECTS in 2010 remain depressed for the world’s estimated 1,160 reefer vessels, with rates to remain below five-year averages, even though the ageing global fleet is set to shrink further, as the eldest are scrapped and little fresh tonnage begins trading.
Since 2002, net fleet growth has only been recorded in one year, 2007, at 0.1%, acco...

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