The world’s reefer leasing industry enjoyed another good year during 2004, even if it was less dramatic than 2003. All participants, including the seven leading players, reported high fleet utilisation and stable per diem rate levels.
Even though the reefer container transport sector did not perform as strongly as its dry freight counterpart, and experienced less price inflation (due to a smaller rise in new equipment costs), it still grew by roughly eight per cent in 2004. This was similar to the global increase returned for 2003. However, unlike 2003, when the demand for leased reefer containers reached an all time high, shipping lines made a proportionally larger purchase of reefer equipment for their owned/financed fleets in 2004 and thereby reduced the need for leasing companies to invest....
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This complete item is approximately 5070 words in length, and appeared in the January 2005 issue of WorldCargo News, on page 29.
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