Valspar Corporation, a global player in the paint and coatings industry, will provide Valspar Aquaguard waterborne coating for shipping containers manufactured in Maersk Container Industry's operations in Dongguan, China. With this agreement, manufacturing of a significant share of dry goods containers will convert from solvent borne coatings to Valspar Aquaguard waterborne coating.

Managing month-to-month changes to services and schedules is now a constant battle for container operators as they strive to keep the spot market from imploding in the current weak demand environment, according to Drewry's latest Container Forecaster report.