China's China International Marine Containers (Group) Co. (CIMC) expects to close the first half of this year with Better-than-expected earnings due to the effect of several factors positive starting from the high demand in the transport sector sector, in which CIMC operates through its core business of container production. The Chinese company has explained today that in the first half of 2024 the has benefited from the positive cycle of this market and the extent of the distance of sea shipments caused by by the crisis in the Red Sea that has induced shipping companies to opt for the route around the Cape of Good Hope rather than than the crossing of the Suez Canal. CIMC specified that in the period saw a significant increase in sales of dry cargo containers, and this business segment has marked growth in both turnover and profits.

CIMC expects to close the first half of this year with a value of profit for shareholders between 700 and 950 million yuan ($96-131 million) compared to 398.6 million yuan recorded in the first half of 2023.