Company sees stable container volume and higher logistics throughput in 1Q 2026

SGX Filings

04/28

The company announced its business update for the first quarter of 2026, reporting container shipping volume of 490,000 TEU, unchanged from the same period in 2025. Average revenue per TEU slipped to USD 233 from USD 238, while operating margin came under pressure due to higher stevedoring and charter-hire expenses amid a volatile market environment.

In the bulk and tanker, chemical and gas segments, fleet size remained at eight vessels, but employment days fell to 621 from 686, weighing on revenue and profitability.

The logistics division posted stronger performance, with storage occupancy rising to 181.9 thousand pallet positions from 164.9 thousand, and volume handled increasing to 744.9 thousand pallet equivalents from 535.7 thousand on the back of expanded fourth-party logistics (4PL) activities.

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