14.9 C
Hamburg
Tuesday, June 3, 2025
Home News CIMC profit rockets 1,161% as container sales quadruple

CIMC profit rockets 1,161% as container sales quadruple

Net profit of China International Marine Containers (CIMC) for the first nine months of the year swelled 1,161% year-on-year to US$1.36 billion, as the world’s largest container maker recorded its best result since it began container production in 1982.

Revenue from the China Merchants unit recorded a significant year-on-year increase. In particular, the accumulated sales volume of dry containers was 1,908,500TEU up from 594,900TEU in the year-ago period, representing a year-on-year increase of approximately 220.81%.

Reefer sales went up by 55% to 130,000TEU. With strong demand for containers and the hike in raw material prices resulting from rising commodity prices, the price of new containers also increased.

CIMC, which acquired Maersk Container Industry in October, said that congestion in major ports has led to a continuous shortage of containers.

“To resolve the tight container supply in the market and meet the demand for containers of China’s foreign trade exports, the group intensified its efforts on the container manufacturing business, improved production efficiency and fully released production capacity, trying its best to ensure the supply of new containers,” said the company.

Martina Li
Asia Correspondent





Latest Posts

Berg Propulsion powers MPCC feeder vessels with bio-methanol optimization

NCL Nordland, the second of two advanced 1,300 TEU feeder vessels designed to pioneer bio-methanol usage in container shipping, has officially entered service. Sister vessel...

Mitsubishi Gas Chemical and MOL take delivery of Japan’s first dual-fuel methanol carrier

Mitsubishi Gas Chemical Company (MGC) announced the successful delivery of a state-of-the-art dual-fuel methanol carrier, chartered from Mitsui O.S.K. Lines (MOL), on a long-term...

Atlantic Forwarding, Atlantic Gate unite under one brand

Atlantic Forwarding and Atlantic Gate unite under one global brand: Atlantic Gate. This rebranding brings together the two entities under one brand. “This rebranding is...

Nuclear-powered vessels gain momentum amid climate push

As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and...

Ukrainian ports face new risks after drone strikes on Russia

On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...
error: Content is protected !!