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.
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