Maersk Container Industry (MCI) has taken the decision to ditch manufacturing dry containers and will now fully focus on growing its cold chain business.
Currently, one out of three refrigerated containers used in global perishable transportation uses Star Cool container technology manufactured by MCI. With the recent launch of its Sekstant Global Guidance solutions, the company is entering the IoT space.
“MCI’s strategy is to grow in cold chain where our Star Cool technology is a clear leader. This growth requires focused investment in the best products and services,” said Sean Fitzgerald, CEO of Maersk Container Industry. “By putting all of MCI’s resources on the cold chain business will ensure sustainable growth and continued investment in the best products and services for our customers.”
MCI said in a release the market for dry containers has been challenged and has been under “enormous pressure” for some time. However, reefer volumes continue to grow.
The decision to stop manufacturing dry containers will see MCI’s factory in Dongguan in southern China close down.
Last June MCI closed its reefer factory in Chile, moving all reefer operations to Qingdao in northeast China.