Higher transport margins and demurrage and ancillary revenue were offset by 4.5% lower shipment volumes compared to the same quarter last year.
STC reported a second-quarter operating profit of $12.2 million, a 2.8% drop from $12.5 million in the same quarter of 2024. Lower transport costs were offset by higher repositioning costs, higher maintenance and repair cost and higher administrative and general expense.
Looking ahead, STC said volatility in the tank container market remains elevated. This may impact space requirements and rates. However, strengthening demand in the key geographies for STC may provide some support for both spot rates and shipment volumes.