Specifically, as addressed by Sean Fitzgerald, CEO of Maersk Container Industry, the company's investment on the cold chain business requires focused investment in the products and services. The MCI resources will enhance the sustainable growth of the company's products.
Although the market of dry containers has faced challenges, reefer volumes continue to increase because of global demand for fresh products and other commodities.
As a result, according to Maersk's press release, the decision to exit the dry container business resulted to shutting down the production facility in Dongguan, China.
Concluding, the decision on reefer technology will not affect MCI's other facilities which will continue to operate as usual.