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Suitors queue for Maersk container business

DENMARK: Carrier, Daikin, Midea and Thermo King are amongst a procession of suitors reported to be bidding for A P Moller-Maersk’s refrigerated container business.

According to Bloomberg, the Danish integrated shipping company could be valued at as much as US$1bn.

The company plans to collect binding bids by late July. China International Marine Containers Group and investment company Triton, owner of HVAC businesses Flakt and Kelvion, are also rumoured to be interested.

Established in 1991, Maersk Container Industry manufactures refrigerated containers and refrigeration machines to customers in the intermodal industry, which covers shipping lines, fruit multinationals and leasing companies.

The company’s first dry container plant was established in Tinglev, Denmark in 1991. By 1995, manufacturing also included refrigerated containers and new container plants were established in China in 1998 and 2004. Eventually container manufacturing in Denmark would cease and today MCI focuses solely on manufacturing refrigerated containers from its facility in Qingdao, China.

Latest News

20th July 2024

Munters set to acquire Geoclima

SWEDEN/ITALY: Pioneering Italian chiller manufacturer Geoclima is set to be acquired by Swedish air treatment and climate solutions company Munters. 
19th July 2024

Bank to retrofit 62% of branches to heat pumps

CANADA: The Royal Bank of Canada (RBC) has announced a multi-million-dollar retrofit of its branches in Canada to low-carbon heating and cooling systems such as heat pumps.
19th July 2024

Madrid installs cool bus shelters

SPAIN: Madrid’s municipal bus company EMT has installed bus shelters with in-built cooling systems at two locations in the city. 
19th July 2024

Beijer Ref reports record profit in Q2

SWEDEN: Wholesaler Beijer Ref has revealed Q2 as its best ever quarter, with sales of SEK9,681m (€835m) and record profitability.
18th July 2024

Climate committee calls for action on heat pumps

UK: A UK government advisory body has backed calls to make electricity cheaper by removing policy costs from electricity prices. 
18th July 2024

Customs block quota-busting F-gas shipment

ITALY: An unnamed “specialised” company from the Piedmont region of northwest Italy faces a fine of up to €150,000 for exceeding its F-gas import quota.