According to Textainer, the market of the chartering of container could be resumed in a hurry



So as in first trimester of this year, that it has been the first archived item quarterly period with a net loss from when the society is landed to the Stock exchange of New York at the end of 2007, also in according to trimester of the 2016 Textainer has recorded a sign result clearly negative. "The conditions of the market - it has confirmed Philip Brewer, president and managing director of the American company, that it rents and it commercializes container intermodal - continue to being very challenging and according to trimester it has not made exception".

In according to trimester of this year revenues of Textainer they are piled to 127,4 million dollars, with a decrease of the -7,8% regarding 138,2 million dollars in the period April-june of 2015. The single revenues deriving from the charterings of the container of the business fleet have been pairs to 120,2 million dollars (- 6.3%). The EBITDA has been attested to 95,6 million dollars (- 13.9%) and the operating result to 26,8 million dollars (- 57.3%). Textainer has closed the period with a net loss of -1,5 million dollars respect to a profit clearly of 40,3 million dollars in according to trimester last year.

"The main factor of the bending of our performances - Brewer has explained - continues to being the low new and used prices of the container that they are translate in a reduction of the returns deriving from the charterings and in a reduction of the destined value of the container to the sale. It is worth it to notice - it has specified Brewer - than, even if the revenues generated from the charterings are diminished regarding the correspondent trimester last year, are diminished many less regarding the decrease of the rates of chartering of new the container to root cause of the structure of ours contracts of chartering and the nature in the long term of our fleet".

"Looking the positive side - it has continued Brewer - in the course of the trimester we have assisted to an increase of the new prices of the container, to a decided rise of the question and have continued to generate a consisting cash flow from the operating management. At the beginning of the year - it has specified the president and CEO of Textainer - the new prices of the container have touched historical minimums pairs to about 1.200 dollars for container from 20 ' for cargos dry. The prices have grown from +20% to +25% in the course of according to trimester, but successively light they are dropped. The low arranged new prices of the container with the great amount of container on sale - it has observed Brewer - continue under pressure to put the used prices of the container".

Textainer has closed entire the first semester of 2016 with a net loss of beyond -4,8 million dollars respect to a profit clearly of 75,6 million dollars in the first half last year. The revenues are piled altogether to 256,4 million dollars (- 7.6%), of which 242,3 million dollars deriving from the chartering activities (- 5.9%). The EBITDA has been pairs to 192,1 million dollars (- 13.4%) and the operating profit to 56,6 million dollars (- 56.1%).

Al 30 last June the fleet of containers of the American company had a consistency pairs almost 3,2 million teu, with a decrease of the -2,5% regarding on June 30, 2015.

About the perspectives for the next months, "on the base of the recent contacts with our customers - Brewer has asserted - we consider that the important increase of the question of container for cargos buckets that we have recorded in according to trimester will continue in the third trimester even if, probably, with a slightly inferior rhythm. We do not expect a meaningful improvement of the new prices of the container within the turn of the year. Until the prices of the new containers low will be maintained - it has found Brewer - the rates of new chartering of the container and of those in warehouse and I renew of chartering contracts will continue to being under pressure and us a reduction of the revenues from the charterings can be attended".

Increasing the vision to the entire field of the containerized marine transport, Brewer has emphasized that "the quality of the credit of some companies of navigation represents a strong worry. If the consolidation process has strengthened some companies - it has added - the total level of the risk of credit of our base of customers is increased because of the weak person asks and of the low level of the hires".

Returning to the segment of market in which Textainer work, Brewer has asserted this year "the production of new container for cargos dries could be inferior to 1,5 million teu regarding 2,5 million teu produced last year, volume that is approximately equal to the container amount dismessi annually. This means that the world-wide fleet of container is improbable that it grows and this year could diminish. Since the container is not in a situation of offer excess - it has evidenced Brewer - previews that in the third trimester the rate I use of our fleet will continue to increase. Moreover, if us it would have to be an unexpected peak of the question so as it has often happened in the past, the market of the chartering of the container could be resumed in a hurry".