SITC International Holdings Reports 38.6% Rise in Q1 2025 Sales; Container Volume Grows 6.8%

Reuters

04/29

SITC International Holdings Reports 38.6% Rise in Q1 2025 Sales; Container Volume Grows 6.8%

SITC International Holdings Co. Ltd. announced its unaudited operating statistics for the first quarter ended 31 March 2025. The company reported a significant increase in sales, which rose approximately 38.6% from $548.9 million in the same period of the previous year to $760.5 million. This growth was primarily attributed to an increase in the average freight rate. The container shipping volume for the Group also saw a rise, with a total of 795,387 TEUs shipped, marking an increase of approximately 6.8% compared to 745,048 TEUs in the first quarter of 2024. Furthermore, the average freight rate, excluding slot exchange fee income, reached $803.5 per TEU, representing a 34.7% increase from $596.7 per TEU in the corresponding period of 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SITC International Holdings Co. Ltd. published the original content used to generate this news brief on April 29, 2025, and is solely responsible for the information contained therein.

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Ltd. announced its unaudited operating statistics for the first quarter ended 31 March 2025. The company reported a significant increase in sales, which rose approximately 38.6% from $548.9 million in the same period of the previous year to $760.5 million. This growth was primarily attributed to an increase in the average freight rate. The container shipping volume for the Group also saw a rise, with a total of 795,387 TEUs shipped, marking an increase of approximately 6.8% compared to 745,048 TEUs in the first quarter of 2024. Furthermore, the average freight rate, excluding slot exchange fee income, reached $803.5 per TEU, representing a 34.7% increase from $596.7 per TEU in the corresponding period of 2024.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SITC International Holdings Co. Ltd. published the original content used to generate this news brief on April 29, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01308","symbol_name":"海丰国际","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250429:nNDL7hjSVG:1","article_id":"2531147241","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531147241","pubTimestamp":1745899640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"SITC International Holdings Co. Ltd. announced its unaudited operating statistics for the first quarter ended 31 March 2025. The company reported a significant increase in sales, which rose approximately 38.6% from $548.9 million in the same period of the previous year to $760.5 million. This growth was primarily attributed to an increase in the average freight rate. The container shipping volume for the Group also saw a rise, with a total of 795,387 TEUs shipped, marking an increase of approximately 6.8% compared to 745,048 TEUs in the first quarter of 2024. Furthermore, the average freight rate, excluding slot exchange fee income, reached $803.5 per TEU, representing a 34.7% increase from $596.7 per TEU in the corresponding period of 2024.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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