Independent journal on economy and transport policy
12:56 GMT+2
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The half-yearly balance sheet of the Chinese container manufacturer Singamas was positive
Revenues increased by +367.8%
August 26, 2021
In the first six months of 2021 the only revenues generated by the production of containers for dry cargo stood at 393.8 million dollars (+512.0%), those deriving from the production of tank containers at 13.6 million (+113.8%), those determined from the production of special containers to 35.1 million (+139.8%), and revenues from logistics services operated by Singamas at 13.5 million dollars (+10.9%). Singamas filed the first half of this year with an operating profit of 86.6 million dollars and a net profit of 66.5 million dollars against respectively both negative results for -8.4 million and -5.5 million dollars in the first half of 2020.
In the first six months of this year the singamas factories have produced containers for a total of about 150 thousand teu and the average selling price of a 20' container for dry cargoes was equal to 3,175 dollars (+73.5%).
Singamas predicts that in the second half of 2021 it will remain high demand for both dry cargo containers and that of special containers.
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