Reefer box shortage may restrict world trade in produce containers could limit imports of fresh produce this year, reports produce convention. shipping companies remain reticent about the economic outlook attending the United Fresh Produce Association’s annual convention.”The shipping companies don’t want to overreact,” Mr Eslinger was shortage. But it’s still too early to tell” if the economic recovery wil continue Thermo King makes reefer units for trucks, rail cars and ocean shipping containers.”Business is definitely picking up in 2010,” Mr Eslinger said. “It started picking up in late 2009. Is it going to continue is the million-dollar picking up in late 2009. Is it going to continue is the million-dollar question.” The report noted that orders for new refrigerated shipping containers totalled 40,000 to 50,000 in 2009, compared with about 100,000 in 2007″Everybody realises there’s a shortage of containers,” Mr Eslinger added. “But last year, no one was replacing equipment.” TNT says volumes back to old time highs in recent weeks NETHERLANDS-based express delivery giant TNT has reported a 54 per cent year-on-year increase in operating profit to EUR251 million(US$324 million) in the first quarter drawn on revenues of EUR2.74 billion, a rise of 12.4 per cent The increase was attributed to higher revenues from its express division as well as a steady contribution from mail Said CEO Peter Bakker: “In recent weeks, volumes have almost returned to levels seen in the more normal trading period of first quarter 2007, though some customer feedback indicates that this is partially driven by re-stocking of supply chains.” The UK’s Transport Intelligence said that TNT expects continuing growth coming from international market.
Source: asian shipper
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