Independent journal on economy and transport policy
07:42 GMT+1
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Container charterer Triton reports record quarterly revenues
Market growth is expected to ease
July 28, 2022
The size of the company's container fleet is also rose to a record share being equal to over 7.4 million teu, with an increase of +7.1% on 30 June 2021.
Highlighting the remarkable results for the shareholders produced from the company, Triton's CEO, Brian Sondey, noted that "the very high yields of the Triton reflect the long-lasting improvements made to our activities as well as generally favourable conditions of the market. The utilization rate of our fleet - has specified - remains well above 99% and reflects the remarkable share of our container fleet which is placed at long-term rental and low level of returns. Prices of the new containers - explained Sondey - have decreased compared to the peak reached last year, but they continue to be at historically high levels, with factories listing 20-foot containers for dry cargoes around $2,600, and offer considerable support for rental prices and disposal of containers'. Sondey pointed out that the company believes that the growth of the rental market of containers will continue to subside, but - he underlined - this will not have an impact on the company's performance expecting to close a third quarter with earnings per share in line with that of the second trimester.
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The size of the company's container fleet is also rose to a record share being equal to over 7.4 million teu, with an increase of +7.1% on 30 June 2021.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
