Singamas confirmation "the little promising" perspectives for the container producers



In the first semester of this year the Singamas Chinese, that it is one of the main intermodal manufacturers of container, has recorded a worsening of the economic performances against a modest increment of the revenues. "In the first half of the 2015 - he has commented today the chairman of the society, Teo Siong Seng - question of container he is increased light as consequence of an ulterior decrease of the costs of the raw materials, in particular of the steel corten, placing under pressure the selling price of the container. Consequently the low selling price has invogliato the customers to emit orders although the slow down of the exchanges in China. Therefore - Siong Seng has explained - the group has recorded an light improvement of the revenues during the period".

Altogether in the first six months of the 2015 Singamas group it has totaled revenues pairs to 704,0 million dollars, with an increment of +3.7% on the first half last year. The revenues deriving from the single segment of the container production have been pairs to 688,2 million dollars (+3.9%). The profit before taxes has been of 16,2 million dollars (- 35.7%) and the profit clearly of 11,6 million dollars (- 24.0%).

In the first semester of the 2015 Singamas it has produced new to container for a total pairs to 336.581 teu, with an increase of +11.1% on the same period last year. In the first six months of this year the average price of sale of the container from 20 ' (teu) is come down of the -12,4% to 1.880 dollars regarding 2.147 dollars/teu in the first half of 2014. The sales volume realized in the first semester of this year from Singamas has been pairs to 331.449 teu (+11.8%).

In the first six months of the 2015 logistic activity of the Chinese group they have recorded revenues for 15,9 million dollars (- 2.5%) and a profit before taxes of 3,8 million dollars regarding 3,7 million dollars in the same period of 2014.

Singamas considers that the perspectives for the second half of the year of the 2015 are "little promising" for the industry of the container since - the increase of the exports of China has specified the company "will continue to being slow and the volume of international the commercial exchanges will increase alone in modest measure in the course of next the two years". Singamas has found that, however, the field will benefit ultra of the effect of the delivery of new container vessels large that it is in program from 2015 to 2017. "Moreover - it has specified the society - the navigation companies must replace old containers in a near future, assuring so new orders of container".

In particular, Singamas aims at the opportunities offered from the market of the container refrigerator and with such objective the company will construct a new factory for the realization of this type of containers to Qingdao, that it will be operating within the end of the next year.