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Integrated reefer NEWS June 2012 Turning the big wheel By Soren Leth Johannsen, Chief Commercial Officer A sense of cautious optimism seems to be emerging in the wake of recent freight rate surcharge announcements. The well-being of our customers is important as the container market needs to break away from the cut-throat freight rates to regain operational profitability. The reefer container market, meanwhile, is approaching the traditional seasonal low period that normally lasts until August. Nevertheless, the outlook for the reefer market remains positive. In this edition of Integrated Reefer News, you will learn from the experts about the effect of controlling fresh air ventilation in refrigerated containers. Various good systems offer this feature in the market but, as always, old habits are hard to change. It requires the industry to adapt. It requires changing the setting to CO2 percentage instead of CMH (cubic metres per hour) and CFM (cubic feet per minute). That’s a big wheel to turn, but since the benefits of automated ventilation are many, we are committed to continue working with our customers, the users, and post-harvest experts on this important subject. Four important milestones I’m happy to share with you four important milestones for MCI and in particular our Star Cool. It was only back in January 2011 that we produced our Star Cool unit number 50,000. That unit was delivered to Hanjin Shipping. Now, little more than a year later, Star Cool number 100,000 is already commissioned. See more inside in this issue of Integrated Reefer News. Another important milestone for Star Cool was to witness the firstever expiry and extension of a 5-year lease. The Intra Asia operator TS Line and lessor Cronos just announced the extension of this 2007 deal. “The extension deal offered by Cronos was very attractive, with continued support from MCI,” says Yanni Li, deputy junior vice president, Equipment Department, TS Lines. Nine lessors have already committed to Star Cool, and another important milestone was the first speculative order for Integrated Star Cool placed by a lessor for production in the 3rd quarter of 2012. We note the increased lessor acceptance. The fourth and final milestone I would like to mention is the 19 April ground-laying ceremony of our new reefer factory in San Antonio, Chile. With the new factory, we will help Latin America’s exporters gain easier access to reefer transport. On a final note, we at MCI wish to thank you for the sympathy and thoughts conveyed to our colleagues affected by the tragic reefer factory accident on March 30 in Qingdao. Furthermore, we have been most grateful for the understanding extended by directly affected customers, and for their cooperation in rearranging their production schedules to a later time. I hope you will enjoy reading this edition of Integrated Reefer News! April 19th was a very sunny day day in San Antonio, Chile, and provided a perfect scenery as the first stone in MCI’s new reefer container factory was founded. Following the great interest this project has already received, the ceremony attracted more than 150 invited guests. Among these was Mrs. Evelyn Matthei, the Chilean labour minister.