Singamas container sales plunge 49% in first half of 2026
The container
manufacturer’s sales fell 49% year
on year to 43,000 TEU, according to unaudited half-year figures. At the same time, the average selling price
of Singamas containers declined by around 12-13% to US$1,613 per TEU. Singamas sold 43,000
TEU of new containers in the first half, down from 84,000 TEU during the same
period in 2025. Sales have also fallen
considerably from the 93,000 TEU recorded in the first half of 2024. In contrast, China International Marine
Containers (CIMC) increased its sales by 2% year on year. CIMC sold 1.25 million TEU during the first
half of 2026, compared with 1.22 million TEU a year earlier. Shanghai Universal Logistics Equipment
(SULE), part of COSCO Shipping Development, recorded the strongest growth among
the three manufacturers. Its container sales increased 13% to 958,600 TEU, up from 845,700
TEU in the first half of 2025. SULE has also expanded significantly compared with the first half of
2024, when sales stood at 744,400 TEU. Despite the steep decline at Singamas,
combined sales across the three manufacturers increased by 5% year on year.
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