Independent journal on economy and transport policy
08:09 GMT+1
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Chinese container maker Singamas closed the first half with a net loss of -5.5 million dollars
Two months of factory shutdown due to the pandemic
August 27, 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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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%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
