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23 May 2018 The on-line newspaper devoted to the world of transports 13:13 GMT+2

August 28, 2017

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Original news
rise of the economic results of the Chinese producer of container Singamas

In the first six months of this year the revenues of the company have grown of +45.0%

In the first semester of this year the volume of intermodal transactions of the Chinese producer of container Singamas has recorded an increment of +45.0% having attested itself to 595,0 million dollars regarding 410,3 million dollars in the first half of 2017. In single Core business of the production of containers the revenues are piled to 576,6 million dollars (+11.8%), while the logistic and terminalistiche activities operated by the company have totaled revenues pairs to 18,5 million dollars (+11.8%). The company has closed the first half of this year with a profit clearly of 17,2 million dollars respect to a net loss of -38,1 million dollars in the first semester of 2016.

In the first six months of the 2017 production of container of the Singamas has been pairs to 310.070 teu, in increase of +38.4% regarding 223.982 teu in the same period last year. The Chinese society has announced that in the first semester of the 2017 average price of sale of a container from 20 ' (teu) for cargos dries has turned out pairs to 1.902 dollars, with an increase of +34.5% on the first half of the 2017 that - it has specified Singamas - is determined by a rise of the question and the increase of the price of the steel corten. In the first six months of this Singamas year it has sold container for a total pairs to 303.668 teu (+28.5%).

Singamas has specified that in the first half of 2017 if the question of container for cargos dries has grown, that for container special instead is diminished and the two types of containers have represented respective 82.1% and 17.9% of the revenues totals against respective 59.5% and 40.5% in the first semester last year.

Singamas considers that the increase of the economic and operating performances would have to continue also in the second half of the year of 2017 because of analogous factors to those which they have carried to the increment found in the first semester, that is the resumption of the total economy, to an increase of international the commercial exchanges and to the correspondent increment of the volume of goods sent for marine way. To this a low level of the escorts of new containers determined from the temporary closing of production lines joins happened during the first semester of this year.

Moreover, according to Singamas, the prosecuzione of the positive trend ulteriorly will be supported by the improvement of the performances of the companies of old navigation that are more inclined to invest in order to replace container and in order to acquire new containers.

ABB Marine Solutions
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