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.
The US Department of Commerce (DOC) has announced a preliminary finding that CIMC, Singamas and their related manufacturing companies have been have been receiving “countervailing subsidies” for the production of US domestic 53’ containers.
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