Reefer box capacity is expected to grow from 1.6mfeu slots in 2013 to 1.9m slots by 2018, the UK-based consultancy predicts.

However, Drewry says this fleet growth is not expected to adversely impact vessel utilisation levels thanks to strong cargo growth.

Reefer container volumes are forecast to rise by 20.5mt over this period, 16.5mt by organic growth and 4mt at the expense of the shrinking specialised reefer industry.

Drewry