Independent journal on economy and transport policy
11:34 GMT+1
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CAI International has concluded the third trimester with a net loss of -5,4 million dollars
Garci'a: the fundamental ones of the business of the containers are improving
November 2, 2016
Victor Garcia, president and managing director of the society of chartering of CAI Internationa container, have manifested dissatisfaction for the results achieved from the company in the third trimester of this year, period that has been archived item with a net loss of -5,4 million dollars on revenues pairs to 78,5 million dollars regarding a profit clearly of 13,0 million dollars on revenues pairs to 66,1 million dollars in the third trimester of 2015. The operating profit is piled to 7,4 million dollars (- 68.3%). Garci'a however has emphasized that the result negative is attributable mainly to 9,3 million dollars of supported extraordinary burdens in the course of the third trimester of 2016, of which 4,5 million dollars relative to the failure of Hanjin Shipping and 3.4 million dollars of amortizations.
Garci'a has been said convent that the fundamental ones of the business of the containers are improving: "the container question rental - it has explained - has continued to grow in the course of the trimester, in particular after the perturbation of the market caused from the failure of the Hanjin in the end of August. We - he has specified - have a reduced fleet a lot in China and are assisting to a rise of the demand for charterings in all Asia. We are newly riposizionando containers in China in order to continue to satisfy the increasing you ask. Even if the costs for the repositioning of the container must be supported, we expect that these efforts will improve our rate use in the course of 2017".
"Moreover - it has continued the president and managing director of CAI - over the past several months we are recording also a steady increase of the price of the Chinese steel and are increasing also the prices of the new containers that now are next to 1.550 dollars for CEU and also more elevated for the units produced in factories that are adopting systems of painting to water in the manufacturing process. Consequently they are increasing also new the every day rates of the container and in warehouse. Moreover we expect that the prices of the container will continue to go up if the prices of the steel will remain to the current levels".
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Victor Garcia, president and managing director of the society of chartering of CAI Internationa container, have manifested dissatisfaction for the results achieved from the company in the third trimester of this year, period that has been archived item with a net loss of -5,4 million dollars on revenues pairs to 78,5 million dollars regarding a profit clearly of 13,0 million dollars on revenues pairs to 66,1 million dollars in the third trimester of 2015. The operating profit is piled to 7,4 million dollars (- 68.3%). Garci'a however has emphasized that the result negative is attributable mainly to 9,3 million dollars of supported extraordinary burdens in the course of the third trimester of 2016, of which 4,5 million dollars relative to the failure of Hanjin Shipping and 3.4 million dollars of amortizations.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
