A refrigerating apparatus improves the insulating effect of a refrigerating chamber which is maintained at ultra low temperatures by a twin refrigerating apparatus. A vertical ultra low-temperature freezer 1 is composed of an insulating frame with a composite structure of a vacuum insulating panel and a foam insulating material, an insulating door with a composite structure of vacuum insulating panels and a foam insulating material, and a twin refrigerating apparatus which cools goods stored in the insulating frame. Ultra low temperatures are produced by the twin refrigerating apparatus in which a high-temperature side refrigerant circuit and a low-temperature side refrigerant circuit are in cascade connection.