Singamas Depots Damaged in Tianjin blast

Aiswarya Lakshmi August 17, 2015

Container maker and logistics player Singamas Container Holdings says that some of its container depots operated by its Singamas Logistics (Tianjin) (SLTC) unit, were damaged in the explosions at Tianjin Port, reports Reuters.

One of Singamas employees has been uncontactable and a few other workers suffered minor injuries.

The Hong Kong-listed company, which has facilities throughout China, said it was not yet able to estimate the exact losses due to restricted access to its depots in the affected area. Its factory in Tianjin was unaffected, it added.

Singamas noted that the explosions occurred approximately 800 meters from one of its depots at 197, Ji Yun Yi Dao, Tianjin Port Container Logistics Center, with an external depot operated by SLTC is siturated even closer to the area where the incident took place.

Due to restricted access into the area for safety reasons, the group has not been able to estimate SLTC’s exact losses resulting from theiIncident.

Singamas said it has temporarily suspended operations at SLTC unit

However, SLTC's turnover only accounts for a small portion of the group's total turnover, Singamas added and said it does not believe will have a material adverse impact on the group as a whole.