Maersk shuts container factory in China

Maersk to focus on refrigerated containers, shuts China container factory
Illustrative picture. PHOTO CREDIT: Carrier

A.P. Moller-Maersk will shut a transport container factory in China and instead focus on producing refrigerated containers for food, it said on Thursday.

While the market for so-called dry containers has been squeezed by increased competition, demand for refrigerated containers has grown thanks to higher global demand for fresh produce and other commodities, Maersk said in a statement.

The company’s Dongguan container factory, which has 2,240 employees and can produce 100,000 40-foot containers a year, has been idle since the beginning of December, Maersk said.

Maersk, the world’s biggest container shipper, warned in November that a trade war between China and the United States would hit demand for container shipping in the coming years.    



Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.