Knock-on Impact Of Diversions Away From Red Sea Hits Reefer Trade From Europe To Middle East Hard
The middle of the year is traditionally the low point in terms of demand volatily on these reefer trades, with Q4 tending to peak season. This raises the question of how they will behave in the three months ahead – should we expect long-term rates to increase on both trades? Given what we have seen during 2024 to-date, perhaps the trade to Southeast Asia is best placed to cope with increased seasonal demand while shippers using the reefer trade to Middle East could face a challenge moving their refrigerated goods...