Textainer records turned out economic in increase in spite of the pressure on the rates of chartering of the container



In the third trimester of this year the chartering society Textainer container has recorded a rise of the economic results. The period has been archived item with a profit clearly of 54,3 million dollars on revenues for 144,5 million dollars, in increase respective of +35.4% and +9.0% regarding the third trimester of 2013. The operating result is piled to 73,6 million dollars (+14.5%).

In the first nine months of the 2014 American company it has totaled a profit clearly of 147,0 million dollars on revenues for 419,5 million dollars, with increments respective of +7.1% and +7.1% on the period January-september last year. The operating profit has been attested to 203,4 million dollars (- 4.2%).

The managing director of Textainer, Philip K. Brewer, has remembered that in the course of the 2014 society he has invested 821 million dollars for the purchase of a container number pairs to 433.000 teu and for riappropriare himself of container given previously rental. Moreover he has emphasized that the rate I use of the fleet of containers is increased to almost four points percentages from last March reaching 97.4%, the higher level of last the two years. "Our fleet - it has added Brewer - has grown of 7% in the course of last the 12 months to 3,2 million teu and in the same period our fleet of property has grown of 11%. If the decrease of the chartering rates has had an impact on the profit of the containers, the increase of our fleet, the decrease of the cost of the financings and the greater one I use of the fleet have compensated this bending and they have allowed us to continue to achieve remarkable results". "We - he has continued the CEO of Textainer - continue to find a pressure on the chartering rates because of the elevated level of liquidity available for the container charters, of the content price of the container new and the low interest rates. The low new prices of the container continue to depress the used prices of the container with a consequent reduction of the capital gains on the sales and the commercial results. We consider that the prices of the containers are next to the production cost and that the interest rates cannot come down very more low. We believe also - it has concluded Brewer - than the results that we will have from the containers acquired to the prices today will improve in the course of the time, above all if the interest rates and/or the new prices of the container increase".