SITC International Holdings’ net profit almost doubled from $536.2m to $1.03bn last year.

Revenue at the Hong Kong-listed container ship operator rose 26% to $3.06bn, from $2.43bn in 2023.

Container shipping volumes rose 10.7% from 3.22m teu to 3.57m teu.

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The average freight rate (excluding slot exchange fee income) grew 15.7%