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26 May 2022 The on-line newspaper devoted to the world of transports 16:29 GMT+2

May 3, 2022

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Original news
The quarterly performance of the charterer of Triton container

Sondey: We expect 2022 to be another year exceptional

The beginning of 2022 was again a quarter very positive for Triton International, which is the company of container rental world leader in the market. The trend of growth in the company's revenues, in place since the end of 2020 and soaring since the second half of last year, it is continued also in the first three months of 2022 when the volume business, with a total of 417.1 million dollars, recorded an increase of +20.3% on the corresponding period of 2021. More mitigated the increase in operating costs totalling 188.3 million dollars (+10.0%). Operating profit amounted to record value of 262,0 million dollars (+27.4%) and the net profit to 194.3 million dollars (+38.9%).

At 31 March, the size of the container fleet of the Triton was equal to the share of over 7.3 million teu, with a increase of +12.9% on 31 March 2021, of which 6.5 million teu for dry loads (+14.6%), 455 thousand teu fridge (+1.1%), 169 thousand special containers (-1.8%), 12 thousand tank containers (+3.5%) and 44 thousand chassis (+0.9%).

"Triton's record performance in the first quarter of 2022 - commented the CEO of the company, Brian Sondey - represent a great start to what we we look forward to another exceptional year." Sondey has specified that the results of the beginning of this year were generated both by the high performance in the rental segment of the containers both in that of the sale of containers. Specifying that on April 29 Triton had in progress investments worth a total of 428 million dollars for the purchase of new containers that will be taken over by at the end of this year, Sondey stressed that "the Market conditions continue to be positive. The volumes of the trafficking - he specified - continue to be supported by a considerable consumption of goods, especially in the United States, and the container demand is further supported by persistent logistical bottlenecks that are slowing down recovery times for the delivery of the containers'.

As for container prices, Sondey explained that "they are decreased from the maximum level reached last year, but remain at a historically very high level, with factories that quote a 20-foot container for dry cargo just below the 3,000 dollars".

ADSP Tirreno Centrale
PSA Genova Pra

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