Independent journal on economy and transport policy
01:38 GMT+2
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SUCH International has closed the first trimester of 2014 with a profit clearly of 30,0 million dollars (- 20.0%)
the revenues have grown of +0.8% to 157,2 million dollars
April 24, 2014
In the first trimester of the 2014 American society of chartering and intermodal sale of container SUCH International has recorded a profit clearly of 30,0 million dollars, with a bending of the -20,0% regarding 37,5 million dollars in the first three months last year. and the operating profit is piled to 75,2 million dollars (- 10.1%). EBITDA and adjusted EBITDA has been attested respective to 128,6 million dollars (- 5.5%) and 141,0 million dollars (- 0.6%).
"In the first trimester of 2014 - it has found the president and CEO of SUCH International, Brian M. Sondey - SUCH it has achieved remarkable operating and financial results. We continue to benefit of a rate much high one of I use of the fleet. In the first trimester - it has specified - our medium rate I use has been of 97.1% and also currently it is attested to 97.1%". With respect to the situation of the market in which work the American company, Sondey has explained that the scene is changing: "in the first months of the 2014 - it has observed - question of chartering it has been better of the previewed one and we have recorded unusual an important resumption of the volumes to January. The activity quickly has a slow down in February after the lunar New Year's Day, but it is newly growing starting to us in according to trimester. For the remainder of the year - it has added Sondey - we expect that the chartering question will be supported by a moderated increase of the commercial exchanges and by a prosecuzione of the displacement of a market share towards the leasing. The majority of the observatories of the field previews a total increase of the containerized trade, with a light improvement regarding last year and currently Alphaliner shows an increase of 4.5% in 2014. Moreover we consider that many of our customers will continue to being cautious with regard to the purchase of a large number of new container, what that determines a limitation of the total production of container and increases our new opportunities of investment".
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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In the first trimester of the 2014 American society of chartering and intermodal sale of container SUCH International has recorded a profit clearly of 30,0 million dollars, with a bending of the -20,0% regarding 37,5 million dollars in the first three months last year. and the operating profit is piled to 75,2 million dollars (- 10.1%). EBITDA and adjusted EBITDA has been attested respective to 128,6 million dollars (- 5.5%) and 141,0 million dollars (- 0.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
