GSCW chat recap: Reefer container market stays hot

BIO: Tuthill has worked in the shipping industry for over 30 years. Before joining SeaCube, which specializes in container leasing, he held senior management positions at CMA CGM, APL, TOTE Maritime and NYK Line. He also served as a commissioned officer in the U.S. Naval Reserve.

KEY QUOTES FROM ROSE:

“If you were to ask me to forecast the outcome of 2020 last March, I would probably have been 180 degrees off from where we ended up.”

“The reefer trade market has probably been the most resilient out of any other trade groups.”

‘The pharma industry has looked at refrigerated container vaccine storage, last-mile transport, and a lot of this may not be happening now because air freight is the key mode for vaccine transport. But as we get further along, emerging markets that don’t have the infrastructure and maybe don’t have access to temperature-controlled facilities may use refrigerators for vaccine storage, overflow storage or last-mile delivery.”

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