China International Marine Containers (CIMC) chairman and CEO Mai Boliang expects demand for new containers to be muted, at just 20% of that in conventional years.
The head of the world’s largest container manufacturer was speaking at a briefing on 28 March to announce CIMC’s 2022 results, which showed net profit fell by 52% year-on-year to US$466.55 million, as the container shipping market normalised.
Overall revenue fell by 14% to US$20.51 billion, as turnover from container manufacturing fell...
https://container-news.com/cimc-sees-lukewarm-container-demand-in-h1-2023/