Independent journal on economy and transport policy
09:08 GMT+1
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Textainer does not preview some improvement of the market of the chartering of the container in the short-mean term
the American company previews a bending of the economic results in exercise 2016
November 5, 2015
In the third trimester of this year the American Textainer, society world leader in the field of the intermodal chartering of container with a fleet that has a consistency pairs to 3,2 million teu, has recorded a bending of the -6,2% of the revenues that are come down to 135,6 million dollars regarding 144,5 million dollars in the period July-september last year. The operating profit is dropped of the -40,8% attesting itself to 43,6 million dollars and the profit clearly for the shareholders is diminished of the -81,8% to 9,9 million dollars.
The president and managing director of Textainer, Philip Brewer, have emphasized that the results of the third trimester of 2015 "are influenced negatively by the failure of one of our customers and - he has specified - from our decision to reduce the residual value of our container high cube from 40 ' from 1.650 dollars to 1.450 dollars. We - Brewer has explained - have worked with the bankrupt charter in order to reduce our exposure. Unfortunately the charter has not been able to tackle to the difficult conditions of its domestic market. Our assurance on the credits from chartering will cover great part of the loss, to clearly of exemption, for which we do not expect that this default will have a meaningful impact on our financial results in the next periods".
However, to beyond the impact of this contingent event, Textainer previews that in the near future the market will continue to being irto of difficulty: "the perspectives for the remaining part of 2015 and for the beginning of 2016 - Brewer has confirmed - continue to being difficult. An improvement of the performances needs of an increase of the question, of the prices of the container and/or the interest rates. We - he has specified - at least do not attend a meaningful increase of the question until the Chinese New Year's Day and perhaps also very more in the future. The contracts of chartering in expiration that are being postponed will endure a modification of the prices that will be aligned to the chartering rates more lowlands. It is not previewed - it has continued Brewer - than the prices of the container will grow in the short term and any increase of the interest rates, if it happens, is previewed will be inferior. We consider that in the 2016 these arranged factors they will lead to inferior financial results".
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In the third trimester of this year the American Textainer, society world leader in the field of the intermodal chartering of container with a fleet that has a consistency pairs to 3,2 million teu, has recorded a bending of the -6,2% of the revenues that are come down to 135,6 million dollars regarding 144,5 million dollars in the period July-september last year. The operating profit is dropped of the -40,8% attesting itself to 43,6 million dollars and the profit clearly for the shareholders is diminished of the -81,8% to 9,9 million dollars.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
