After a record year, container charterer Triton predicts an equally favorable 2022

Triton International, container rental company world market leader that was born in mid-2016 from the merger of TAL International and Triton Container International, closed 2021 with annual financial results and record quarterly results as well as with an increase in consistency of its fleet of containers that in 12 months has risen of +17.1% to the record share of almost 7.3 million teu.

In the 2021 financial year, record-breaking financial statements in the main items of the income statement, Triton recorded revenues pairs to 1,53 billion dollars, with an increase of +17.3% on the previous year. Net profit amounted to 935.1 million dollars (+45.8%) and net profit at 530.2 million dollars (+60.8%).

Record financial performance was also achieved in the last quarter of last year, a period that was filed with revenues of $417.2 million, up +23.7% on the corresponding period of 2020. Operating profit is state of 256,3 million dollars (+34.7%) and the net profit of 190,4 million dollars (+51.5%).

"In the fourth quarter of 2021 - he underlined the company's CEO, Brian Sondey - Triton has achieved another quarter of record financial performance." "The exceptional performance of the Triton in 2021 - he explained - has been supported by very much market conditions Favorable. A sharp increase in the consumption of goods, in particular in the United States, it has led to a significant level of growth of traffic, while logistical bottlenecks have slowed down container return times generating additional demand of containers. The limited capacity of the ships has contributed to a dramatic increase in sea freight and has made so that our customers continue to be absolutely focus on container availability."

Sondey specified that Triton predicts that 2022 will be another exceptionally favorable year for the company. 'I our customers - he clarified - expect that the consumption of goods and the traffic volumes will remain high and they believe that the difficulties operational that slow down the return of containers will be difficult to solve. We expect that in 2022 the offer of container will keep up more with demand as a result the increase in production volumes of new containers, while the prices of new containers have decreased by more than 10% compared to at the maximum peak of about $3,400 per 20' container for dry loads. However, the prices of the new containers remain far above their normal historical range and also rates market rentals continue to be very high».