SUCH International records a deterioration of the market of the chartering of the container



In according to trimester of the 2015 society of intermodal chartering of container SUCH International it has recorded a profit clearly of 26,7 million dollars, down of the -9,2% regarding the correspondent period last year. The revenues have grown of +4.2% to 150,8 million dollars, while the operating profit is dropped of the -7,0% to 70,5 million dollars.

In the first semester of this year SUCH has totaled revenues for 299,8 million dollars, with an increase of +3.6% on the first half of 2014. The operating profit is piled to 140,2 million dollars (- 7.1%) and the profit clearly to 52,4 million dollars (- 11.7%).

The president and managing director of SUCH International, Brian M. Sondey, have expressed satisfaction for the results of according to trimester having emphasized that "they are realized in a context of difficult market. SUCH - it has explained - is recording a pressure on the chartering rates and for a long time a decrease of the capital gains because of the bending of the prices of the new steel and the container, of the wide availability of financings to low cost and an aggressive competition. However - it has specified - we have generally benefitted of an elevated question of charterings thanks to the consisting increase of the traffics and of a transfer of market share from the container of property to the container rental. In the 2015 we are tackling to a pressure on the rates still more emphasized because of a decrease of 35% of the prices of the steel happened from the December last year and this year moreover we are facing also a question unusually lowland".

Remembering that the society usually records a rise of the activity of chartering with approaching itself of the summery season, that it is the period of peak season of the containerized marine transport, Sondey has specified in according to trimester of this year this has not happened. "We - he has continued Sondey - usually expect that our economic and operating performances improve entering in the summery period that usually for the shipping is of peak season. However - it has confirmed - this year we have not assisted to a seasonal increase of the question of charterings and our medium rates of chartering will continue to diminish because of the big difference between the rates of ours contracts of chartering in being and the rates of chartering available currently on the market".