On August 15, Sitc International Holdings Co Ltd (HKEX: 1308) announced its financial results for the first half of 2025 — and the performance was nothing short of remarkable.

All key indicators surged:

Revenue rose 28% YoY to USD 1.66 billion.
Gross profit soared 66% to USD 669 million, lifting the margin from 31% to 40.2%.
Net profit attributable to shareholders jumped 79.5% to USD 633 million, with EPS at USD 0.24.
An interim dividend of USD 0.17 per share reflects strong cash flow and a healthy balance sheet.

Growth Drivers

Container volumes increased 7.3% to 1.83 million TEU, supported by resilient intra-Asia trade.
Average freight rates climbed 22.8% to USD 776/TEU, underlining strong demand and SITC’s pricing power.

Fleet & Expansion

SITC operates 119 vessels (183,000 TEU capacity), with more than 80% being owned tonnage — average fleet age just 9.4 years, optimized for short- and medium-haul regional trades.

In 1H 2025, capital expenditure reached USD 72.1 million, nearly half allocated to new ships and containers. The company also signed a newbuilding contract for four 2,700 TEU vessels at Huanghai Shipbuilding, adding to an orderbook of 14 vessels (28,800 TEU).

Market Context

Asia's emerging markets continue to drive demand. In H1 2025, China's exports to ASEAN rose 13% YoY, reinforcing SITC's focus on regional connectivity. With aging global feeder fleets and increasing green regulations, SITC's strategy of scalable, efficient, self-owned tonnage is well-timed.

Outlook

Looking ahead, SITC expects to benefit from:
Volume-price synergy as demand remains resilient.
Deployment of new capacity from its orderbook.
Integrated logistics services across Asia.

As SITC puts it: “We remain confident in Asia's long-term growth and will continue to optimize our fleet, extend our network, and deliver sustainable value to our customers and shareholders.”

by Xinde Marine News Pang Kai

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