China International Marine Containers (CIMC)

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...

https://container-news.com/cimc-profit-rockets-1161-as-container-sales-quadruple/

China International Marine Containers (CIMC), the world’s largest container manufacturer, achieved a net profit of US$654.49 million in the first six months of 2021, as the shortage of containers powered sales.

Sales of dry containers totalled 1.15 million TEU, up 220% year-on-year, while that of reefers came up to 94,500 TEU, up 76% year-on-year. Revenue went up by 86% to US$11.14 billion, enabling CIMC to reverse the US$25.85 million net loss in 1H 2020.

CIMC chairman, Mai Boliang said at a...

https://container-news.com/cimcs-first-half-container-sales-up-220/

The Chief Executive Officer (CEO) of the world’s largest container manufacturer, China International Marine Containers (CIMC), predicts that the well-publicised equipment crunch will persist into 2021.

Speaking at the company’s annual general meeting on 2 June, chairman and CEO, Mai Boliang said that after monitoring the market, the slow return of empty containers will still plague the industry.

Mai noted, “The problem is...

https://container-news.com/cimc-boss-sees-no-end-to-container-crunch-in-2021/