Independent journal on economy and transport policy
17:47 GMT+2
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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.
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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
