Singamas, the world’s fourth-largest container manufacturer, is to target more revenue from leasing, rather than box sales, as liner operators seek more flexibility with inventory amid a tonnage overhang and economic uncertainties.
Hong Kong-listed Singamas made the announcement yesterday, as it reported net profit in 2023 had tumbled 60% year on year, to $22.49m.
With the average selling price of a 20ft container falling to $2,075 from $2,836 in 2022, and weaker …
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