Global refrigerated container (reefer) rates are expected to increase further in the third quarter, according to shipping sector analysts Drewry.

This comes after reefer container freight rates across the top 15 reefer-intensive trade routes rose just over 50 percent in the year to the end of June.

Shipping Terms Glossary
  • Reefer: Refrigerated container
  • teu: 20-foot equivalent unit used to measure container sizes
  • feu: 40-foot equivalent unit used to measure container sizes
  • Blank sailing: This could mean a vessel is skipping one port, or that the entire string is canceled.