US in anti-dumping probe against two China box makers

[HONG KONG] Chinese container makers Singamas Container Holdings Ltd and China International Marine Containers (Group) Co Ltd (CIMC) said US authorities were investigating them for anti-dumping practices.

The probes are in response to a petition alleging the companies' 53-foot domestic dry containers are subsidised by the Chinese government and sold in the United States, both companies said in separate filings to the Hong Kong bourse yesterday.

The alleged dumping margin is 84.07 per cent, they said, while Singamas added that the US authorities had estimated it was given a subsidy rate of at least 2 per cent.