Hong Kong-based box line SITC has issued a positive profit alert for 2024, according to preliminary figures.
The unaudited profit attributable to the company’s shareholders is expected to be between US$1 and US$1.03 billion. This is translating to a growth of between 87-92% compared to the previous year.
At the same time, the annual container volume of the ocean carrier is expected to be approximately 3.56 million TEUs, representing an increase of 10.6% year-on-year, with the average freight rate of US$721/TEU, up 15.75%.
