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(USGovernment-News.Com, January 28, 2016 ) The introduction of vessel sharing programs is a major trend observed in the global reefer container market. In May 2015, Maersk Container Industry A/S entered into Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) and Mitsui O.S.K Lines (MOL) on the Asia to East Coast of South America trade.
Reefer containers are temperature controlled specialized containers, which are used in the transportation of fragile and consumable goods through the sea. Reefer containers are equipped with built-in refrigeration and cooling units, which provide ideal temperature for different products. A reefer container has different specifications and sizes to accommodate different trade requirements. Reefer containers are majorly used in the transportation of foodstuffs, because of their inherent design features such as, air circulation, high cooling capacity, and accurate temperature control.
One of the major factors driving the growth of the global reefer container market is the continuous development of seaborne trade in the world. The manufacturers are focusing on technological advancements by introducing high tech versions of containers. The new “smart” containers have been made capable to report problems, such as temperature deviation or shocks from improper handling. Another major growth driver of the global reefer container market is the bigger size of reefer containers that transport delicate commodities.
Dong Fang International Asset Management Ltd., W&K Container Inc., Maersk Container Industry A/S, TLS Offshore Containers International, SEA BOX Inc., CXIC GROUP CONTAINERS COMPANY LIMITED are some of the competitors in the global reefer container market. Due to the increased demand for more cold storage facilities, the leading cold chain companies are looking for economical and efficient methods for safe transportation of products.
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