News / More specialised containers the order of the day as CSD profits tumble

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Cosco Shipping Development (CSD), holding company of container maker Dong Fang International and box lessor Florens, said it intends to develop more specialised containers, such as those to carry automobiles, in response to global market uncertainty.

The news came after CSD revealed its 2023 net profit had declined 64% from 2022, to $198.8m, as container sales fell 38% year on year, to 590,600 teu. Revenue dropped 39%, to $2.19bn.

Turnover from CSD’s container manufacturing and leasing ...