Singamas’ revenue significantly declines, company focuses on leasing
NewsThe decline in revenue and average selling price was attributed to a slump in demand for dry freight containers in the wake of overproduction in 2021.
The spat between China International Marine Containers (CIMC), owner of the Domino flatrack patents, and its licensees, Singamas and Kumbong Container Industry, over alleged patent infringement and breaches of their licence agreements (see WorldCargo News January 2008, p1), would appear to have opened the door for other manufacturers to enter the flatrack market.
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