Singamas’ revenue significantly declines, company focuses on leasing
NewsThe decline in revenue and average selling price was attributed to a slump in demand for dry freight containers in the wake of overproduction in 2021.
A sharp fall in orders for new containers has taken its toll on container manufacturers with H1 2023 revenues and profits at China International Marine Containers (CIMC), Dong Fang International Containers (DFIC) and Singamas well down on the corresponding period of 2022.
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