News / Red Sea crisis provides a bonus for Chinese container manufacturers

China International Marine Containers (CIMC), the world’s largest container manufacturer, said its output in the first nine months of the year rose five-fold after the Red Sea crisis sparked resurgent demand.

From output of 2,490,000 boxes, (including 93,400 reefers, up 17%) revenue rose 36% year on year, to CNY128.97bn ($18.37bn), while net profit nearly doubled, to CNY2.73bn ($388.35m).

CIMC said: “In the first three quarters, global container trade demand rebounded. Clarksons recently forecast that global container ...