Independent journal on economy and transport policy
04:40 GMT+1
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the deterioration of the market of the chartering of container hits also SUCH International
Attended an improvement from the second half of the year of 2016
February 25, 2016
The American SUCH International, than gets ready to become world leader in the field of the intermodal chartering of container thanks to the next fusion with the Triton compatriot ( on 10 November 2015), it has concluded 2015 with a profit clearly of 88,2 million dollars, down of the -28,9% on the year precedence. The revenues are increased of +2.4% going up to 608,0 million dollars and the operating profit is piled to 255,8 million dollars (- 16.1%).
The contraction of the economic performances of 2015 is determined by a progressive deterioration of the results in the course of the year. "In 2015 - it has explained the president and managing director of SUCH, Brian M. Sondey - the market conditions have turned out extremely challenging. The installments of chartering of market have touched the minimal historical level because of the remarkable decrease of the prices of the new steel and the container and has emphasized the pressure in order to update the prices of the charterings. Moreover in the 2015 we have been confronted with a question of charterings unusually lowland since the increase of the containerized traffics has been inferior to the expectations. In the 2015 - Sondey has explained - difference between waited for and effective increase it has determined an excess of container offer since at the beginning of the year the societies of chartering and the companies of navigation have placed consisting orders for the new acquisition of container in sight of an important increase". To such strategy it is concerned also same the SUCH International, than last year it has increased of +11.7% the consistency of own fleet of container that on December 31, 2015 is gone up to beyond 2,5 million teu respect to beyond 2,2 million teu on December 31, 2014. "We - he has confirmed the manager of the American company - have acquired about 625 million container of new manufacturing and with sale and retrolocazione with delivery in 2015. In the 2015 majority of our investment in container new - it has specified Sondey - of the year is carried out in the first part, while we have invested in salt-leaseback operations during all the year. This remarkable level of investments in a difficult year - it has emphasized - reflects the strong ability to offer of SUCH and the grips report with the customers".
"The combination between a lowland asks and an offer excess - it has continued Sondey - has determined a reduction of the taken volumes rental, an increase of the given back volumes and an important decrease of I use it of the fleet of SUCH. Moreover the decrease of the new prices of the container and the reduced question of charterings has determined an increase of the dismissione of volumes and a decrease pairs to the -20% of the used selling prices of the container".
For 2016 SUCH it previews a prosecuzione of the deterioration of the performances in the first trimester and a next improvement graces to a more favorable relationship between supply and demand.
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