Independent journal on economy and transport policy
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In 2021 the revenues of the Chinese container manufacturer Singamas increased by +319,9%
The average selling price of a container for dry loads grew by 71.0% percent
March 29, 2022
Last year the Chinese container manufacturer Singamas sold containers for a total of 347mila teu, with a strong increase of +209,8 percent compared to 2020. In 2021, the average price for a container for dry cargo made by the Singamas was 3,521 dollari/teu, up 71.0% percent on the previous year, the company said.
The remarkable development of business activity and the increase in container prices generated a sharp increase in the Chinese company's revenues that last year amounted to 1.15 billion (+ 319.9%), of which 1.12 billion were generated from the sale of the containers (+ 352.9%%)-including 1.01 billion products from the sale of dry container (+ 440.8%), 37.5 million from the sale of container containers (+ 122.1%) and 68.2 million from the sale of other containers (+ 59.4%)-and 34.6 million dollars from related logistics activities (+ 25.1%). Operating profit stood at a record high of 245.3 million compared with a negative sign operating profit of -6.5 million in 2020. The net profit was equal to the record value of 208.5 million (+ 4,288.7%).
In the second half of 2021 alone, period in which container sales grew 65.1% percent on the same quarter of the previous year by being equal to 197mila teu, Singamas posted revenue of 695.9 million (+ 293.5%), of which 674.8 million generated by container sales (+ 318.2%)-including 617.7 million from the sale of containers for dry cargo (+ 403.5%), 23.9 million from the sale of container shipping containers (+ 127.1%) and 33.1 million from the sale of other containers (+ 17.7%)-and 21.1 million from logistics activities (+ 36.3%). Operating profit and net profit were 158.7 million and 142.0 million, respectively, versus negative sign results for -8.4 million and -5.5 million in the first six months of 2020.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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Last year the Chinese container manufacturer Singamas sold containers for a total of 347mila teu, with a strong increase of +209,8 percent compared to 2020. In 2021, the average price for a container for dry cargo made by the Singamas was 3,521 dollari/teu, up 71.0% percent on the previous year, the company said. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
