• 2024 October 29 10:22

  SITC’s revenue up 19.2% in Q3 2024

  

  The Chinese container line SITC has benefitted from wider disruption in the market as is shown in its latest financial figures, according to Seatrade Maritime.
  
  SITC has posted approximately $2.11 billion in revenues for the nine months of this year, an increase of 19.2% year-on-year.

  For the nine months ended 30 September 2024, SITC’s container shipping volume amounted to 2.55 million TEU, representing an increase of approximately 11.1% as compared to 2.29 million TEU for the corresponding period in 2023.

  The group’s average freight rate for the first nine months was $691 per TEU, representing an increase of approximately 9.1% year-on-year.

  Focused on container shipping and logistics business in Asia, SITC provides nearly 80 trading services and operates a fleet of over 110 vessels. The company is planning to further expand its fleet capacity and build more small-size container ships.

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2024 October 31

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2024 October 30

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16:23	Transport workers' strike in Argentina to affect port operations
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2024 October 29

18:00	The U.S. Environmental Protection Agency announces selections for nearly $3 bln of investments in Clean Ports
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2024 October 28

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2024 October 27

15:07	Austal USA kicks off construction of a new manufacturing facility for submarine modules
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2024 October 26

15:18	Hapag-Lloyd raises its earnings outlook for the current financial year
13:04	Chinese wheel manufacturer Xingmin entering shipbuilding sector
11:01	Partners of the LA-LB-Shanghai Green Shipping Corridor release their first Annual Progress Report
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2024 October 25

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