the charter of Textainer container incurs in the first quarterly net loss



In the first trimester of 2016, for the first time from when on October 9, 2007 it has made the own first apparition on the share list of the Stock exchange of New York, the American society of chartering and intermodal sale of container Textainer Group Holdings Ltd. it has recorded clearly quarterly an economic result of sign negative. The company clearly has in fact archived item the first three months of this year with a net loss of -3,7 million dollars respect to a profit of 36,4 million dollars in the first trimester of 2015. Moreover, for the fourth consecutive quarterly period, revenues and operating profit have turned out decreasing being are pairs respective to 128,9 million dollars and 29,7 million dollars against respective 139,1 million and 66,1 million dollars in the first trimester last year.

"Last year - it has explained the president and managing director of Textainer, Philip Brewer - the field of the chartering of the container is influenced by two main factors: the increase of the commercial exchanges slower of previewed and the decrease of the prices of the steel. It has been estimated - it has specified - than last year the increase of the commerce has been inferior to 1%. Last year the prices of the steel are diminished of about 40%. In great part these factors continue to introduce themselves in 2016 determining in the course of the first trimester of the year a limited question of container and an ulterior bending of the new and used prices of the container".

Brewer has emphasized that however Textainer has begun 2016 with remarkable investments, "with - she has specified - 228,3 million dollars of Capex from the beginning of the year. About a third party of such amount - he has explained - he is invested in acquired container and charterings from an investor financial who has decided to exit from the field of the chartering of the container. We - he has emphasized Brewer - consider that the consolidations between the charters and the escape of other participants at the market are positive for the stability of the market and the control of the prices and constitute an opportunity of investment".

The manager of Textainer previews that in the next few months the market will record an improvement: "in 2016 - it has found - the commercial exchanges are destined to grow of 1,5%-2,5%, with a rise regarding 2015. The container question, that it has been contained in the period of the new lunar year, in last the two months is increased exceeding the recorded levels last year, with a remarkable impulse in April. The price of the steel is gone back and has stated that the new prices of the container are increased at least 150 dollars over the past few weeks. Even if he is too soon in order to establish if this trend of the prices will continue beyond the short term, we consider that in the medium term the new prices of the container and those used will increase. It is also interesting to notice - it has specified Brewer - than the new escorts of factory container are diminished to 690.000 teu and that this year the production total could be inferior to two million teu. With dismissioni that are previewed will be advanced to 1,5 million teu, a minimal increase of the world-wide fleet of container is attended. Any improvement in the traffics and the question of container - it has observed - is probable will determine an increase of the prices of the container and the rates of chartering".

"In spite of these positive signs - however it has evidenced Brewer - we expect that in the course of the 2016 conditions of market they will continue to being challenging. The impact of the low prices of the container new and used and the reduction of the installments of hire deriving from the modification of the rates of charterings which reached expiration will continue to make itself to feel. Noli to the historical minimums has determined an increase of the credit risk and two primary Asian companies of navigation - Brewer has remembered referring to the South Koreans Hanjin Shipping and Hyundai Merchant Marine - have started negotiations with the creditors for the restructure of the debit. However the continuous offer of containerized transport to being under control. When a rise of the commerce and the question will happen the impact could be perceived quickly. Thanks to our lowland financial institution raises and to a consisting cash flow - it has concluded Brewer - very we are placed in order to react".