Singamas Shifts Focus To Container Leasing Amid Declining Sales

Singamas, the world’s fourth-largest container manufacturer, has announced plans to increase revenue from container leasing instead of box sales.
This strategic shift comes as liner operators seek greater flexibility in managing inventory amidst economic uncertainties and a tonnage overhang.
Despite a significant decline in net profit for 2023, Singamas observed healthy growth in income from container leasing, attributing it to more flexible production and timely delivery capabilities.
The...