World first half reefer volume growth surpasses dry cargo: Seabury
GLOBAL reefer shipments increases surpassed dry cargo growth in the first half, according to data collected Seabury consultants, which showed refrigerated cargo increased by 163,000 TEU with chilled food up seven per cent and frozen food up by four.
"Together with strong Latin American exports, global growth of containerised reefer cargo is, for a large part, driven by rapidly growing meat imports into China," said Seabury maritime business analyst Ronald Veldman.
Speaking at Cool Logistics Asia in Hong Kong, Mr Veldman said China and the US were the main drivers of growth on the import side, while globally the fastest growing commodities were frozen pork, bananas, and citrus.
"Growing demand in North and Southeast Asia is responsible for the most of additional reefer trade, while few countries have seen their imports decline so far in 2016," he said, reported London's Loadstar.
Frozen perishable imports in China and Hong Kong combined were up by 20 per cent, reaching a total of 79,000 TEU. In Japan, where the government is placing a special focus on reefer shipping as a method of boosting national agricultural exports, frozen and perishable imports rose by four per cent to 10,000 TEU
Southeast Asia also recorded strong reefer import growth, after volumes were up 17 per cent in the Philippines to 10,000 TEU, while Thailand's volumes rose by 18 per cent to 10,000 TEU, and Taiwan was up 16 per cent to 7,000 TEU over the reporting period.
GLOBAL reefer shipments increases surpassed dry cargo growth in the first half, according to data collected Seabury consultants, which showed refrigerated cargo increased by 163,000 TEU with chilled food up seven per cent and frozen food up by four.
"Together with strong Latin American exports, global growth of containerised reefer cargo is, for a large part, driven by rapidly growing meat imports into China," said Seabury maritime business analyst Ronald Veldman.
Speaking at Cool Logistics Asia in Hong Kong, Mr Veldman said China and the US were the main drivers of growth on the import side, while globally the fastest growing commodities were frozen pork, bananas, and citrus.
"Growing demand in North and Southeast Asia is responsible for the most of additional reefer trade, while few countries have seen their imports decline so far in 2016," he said, reported London's Loadstar.
Frozen perishable imports in China and Hong Kong combined were up by 20 per cent, reaching a total of 79,000 TEU. In Japan, where the government is placing a special focus on reefer shipping as a method of boosting national agricultural exports, frozen and perishable imports rose by four per cent to 10,000 TEU
Southeast Asia also recorded strong reefer import growth, after volumes were up 17 per cent in the Philippines to 10,000 TEU, while Thailand's volumes rose by 18 per cent to 10,000 TEU, and Taiwan was up 16 per cent to 7,000 TEU over the reporting period.