The Philippines can become one of the world's top markets for refrigerated container services, given the potential of its agricultural sector and exporters' recent willingness to shift away from break bulk shipping, officials from Danish carrier A.P. Moller-Maersk Group said in an interview late last week. This segment has so far been a bright spot for the Maersk Line's business in the country, as well as for the shipping industry in general which had been hit by the decline in global trade volumes last year, the officials said. "The Philippines could develop into the top three [markets] for reefer [refrigerated shipping] services," Thomas Eskesen, senior director of Maersk Line's reefer division said, referring to the country's expected share in the global volume of refrigerated cargo. "This could happen in the next one to five years," Mr. Eskesen said. Refrigerated containers allow exporters to ship out perishable goods to far destinations, he explained.
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