July 9, 2016 – JOC.com – The expanding global cold chain stands out as a bright spot in the broader international trade and transportation sector, especially among major container ship lines, most of which reported negative operating margins for this year’s first quarter because of record low freight rates. By contrast, the global refrigerated ocean transportation market is forecast to grow steadily at a compound annual growth rate of about 4 percent from 2016 through 2020. That’s good news for container lines investing heavily in their reefer business and others in the global cold chain sector.