Russian-owned Baltic Reefers has emerged as the world's largest conventional reefer operator, a new study concludes.

Baltic Reefers and its associated company Cool Carriers are estimated to have a market share of 11.4% of the conventional reefer market, according to a new report by Dynamar.

Benelux-based Seatrade, which for many years was considered the largest reefer operator, has dropped to second place with 7.9%