Ocean Network Express’ (ONE) magenta boxes have started to arrive in the world’s ports a month and half before the operational launch of the joint venture.
China International Marine Containers (CIMC) announced in a stock market announcement that conditions in the third quarter have improved significantly and it would post a much higher profit while also turning from a loss for the first nine months from the comparable year-to-date period in 2016.
Singamas Container Holdings turned to a $36.6m loss in the first half from a $10.1m profit previously as revenue plunged 42% to $410.3m from $704.0m in the previous corresponding period.
Good demand for new containers saw top container manufacturer Singamas Container Holdings improving 2014 turnover by 20.5% to $1.55bn from $1.28bn previously although drops in operating margin due to a decline in the average selling price (ASP) saw net profit fall to $28.02m from $34.27m previously.
Container throughput at the Port of Hong Kong apparently continued to improve with volumes rising 10.3% in April to 1.96m teu from 1.78m teu in the previous corresponding period