Independent journal on economy and transport policy
12:10 GMT+1
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Triton International previews an ulterior improvement of the market of the chartering of container
the American company has archived item first trimester 2017 with a profit of 36,3 million dollars clearly
May 12, 2017
Triton International, the society been born to the half last year from the fusion of the chartering societies and sale of Triton container Container International and SUCH International Group, have concluded the first trimester of this year with revenues pairs to 265,6 million dollars regarding 163,0 million dollars in the first three months of 2016. The operating profit and the profit clearly are piled respective to 105,3 million and 36,3 million dollars against 49,8 million and 10,1 million dollars in the first trimester last year.
Manifesting satisfaction for the results achieved from the company in the first months of this year, chairman and the managing director of the Triton International, Brian Sondey, it has explained that "the resumption of the market that is begun towards the end last year is continued in 2017 and - it has specified - our operating performances and to finance continue to grow considerably. During the first months of 2017 - it has found Sondey - the conditions of the market have remained favorable above all relatively to our segment of the container for cargos dry. The increase of continuous the total containerized trade to being moderately positive and some of our customers has announced that their volumes have turned out advanced to the waits".
"Currently - it has continued Sondey - the new and used escorts of container are many limiting in a moment in which the season of the traditional summery peak for the container is being approached dry. While Triton has made up to now forehead to the demands for its new customers ordering an elevated number of container, altogether the production of new container is stopped by the financial problems of character faced from many companies of navigation and society of chartering. Although the recent decrease of the prices of the steel in China, the new prices of the container for cargos buckets continue to being near the recent levels record and the current rates of chartering of the advanced market are at the moment regarding the medium rates of chartering of our fleet. In the first trimester the selling prices of the container used remarkablly are increased, after to have initially delayed the increase of the new prices of the container and the installments of hire of the market".
Relatively to the future developments of the market, "we expect - Sondey has said - that the conditions of the market will continue to being favorable for various trimesters. We - he has specified - consider that the loss of balance between commands and offered to container it will continue to being limited and that our primary operating indicators will continue to improve".
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