Hapag-Lloyd Picks a Plum Opportunity With Reefer Investment — Panjiva
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Hapag-Lloyd Picks a Plum Opportunity With Reefer Investment

Ags - Fruit/Veg 145 Chile 115 China 3047 Consumer Staples 804 Corp - Shipping 1025 European Union 877 Mode - Containerized 1523 Mode - Seaborne 1845 Peru 47 U.S. 5398

Container-line Hapag-Lloyd has placed the largest order for refrigerated containers (“reefers”) on record, adding 14.0% to its capacity to reach 210,000 TEUs. The company will take delivery through November to take advantage of the fruit export season from Chile and Peru. Exports of fruit from the two countries reached 422,300 TEUs in the 12 months to Apr. 30, up 10.3% year over year. That growth was led by a 16.1% expansion in shipments to China while shipments to Europe, the largest destination, climbed by 9.5%. Leading exporters from Chile and Peru to China in the 12 months to Apr. 30...

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