SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, has announced that its net profit went up by 67% on-year in 2022, to US$1.9 billion.
The Hong Kong-listed group said that its turnover was up 37% year-on-year, to US$4.1 billion, as it carried 4% more containers, amounting to 3.26 million TEUs in 2022. Up till mid-2022, freight rates were at historically high levels, before correcting to pre-Covid-19 lows. SITC stated that average freight...
https://container-news.com/sitc-realised-nearly-us2-billion-profit-in-2022/