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26 September 2020 The on-line newspaper devoted to the world of transports 00:15 GMT+2



August 27, 2020

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Original news
Chinese container maker Singamas closes first half year with a net loss of -5.5 million dollars

Two months of factory shutdown due to pandemic

Chinese intermodal container manufacturer Singamas Container Holdings closed the first half of 2020 with revenues of 97.4 million dollars, a drastic decrease of -83.3% compared to 584.0 million dollars in the first half of 2019 which is the result of production being halted for almost two months Singamas factories due to the Covid-19 pandemic as well as the plant disposals implemented last year Chinese company and completed on August 2, 2019, sales continue this year with the sale of the factory of the Tianjin Pacific Container Co. ( 6 May 2019 and 10 p.m. June 2020).

In the first six months of this year, the only volume of business generated by the production and sale of containers 85.3 million dollars (-85.0%), while the total amount of products from the group's logistics services amounted to 12.1 million dollars (-10.0%). The Chinese company has specified that if revenues from the production of reefer containers containers built for the U.S. market have reset against 74.3 million and 24.8 million dollars, respectively, in the first mid-2019, revenues from the business construction for dry loads totaled 64.3 million dollars (-83.8%), those generated by container production tank 6.3 million dollars (-68.7%) and 14.6 million dollars are derived from the production of other specialised containers parts of containers (-72.8%).

Singamas closed the first half of 2020 with a loss net loss of -5.5 million dollars compared to a net loss of -50.6 million dollars in the same period last year.

Singamas announced that in the first half of 2020 average sale price of a 20-foot container (teu) is rose to 1,830 dollars compared to 1,791 dollars in the first half last year, a 2.2% increase that the company charges impact on container production of the pandemic Coronavirus.


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