Open Joint Stock Company "TransContainer" announces its preliminary operating results for the second quarter of 2011 and for the first half of 2011.
RNS Number : 2141K
12 July 2011
TRANSCONTAINER OPERATING RESULTS
FOR THE SECOND QUARTER OF 2011 AND THE FIRST HALF OF 2011
Open Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE:TRCN) announces its preliminary operating results for the second quarter of 2011 and for the first half of 2011.
Rail Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container transportation volumes
The Company's rail container transportation volumes for the second quarter of 2011 increased by 13.9% to 341 thousand twenty-foot equivalent units ("TEU") compared to the second quarter of 2010, mainly due to an increase in export transportation by 15 thousand TEU, or 21.6% and in domestic transportation by 23 thousand TEU, or 13.0%.
Transportation of containers by TransContainer's fleet in 2Q 2011 (ISO Loaded + Empty), 000' TEU
2Q 2010 2Q 2011 Change
000' TEU %
Domestic Routes 177 200 23 13.0%
Export 67 82 15 21.6%
Import 48 53 5 10.5%
Freight passing from one country to another through a third country. Whether cargo is permitted to transit a certain country and under what terms is subject to trade agreements and treaties between countries. Direct transit is when foreign goods are shipped under tariff protection, without holding at a customs warehouse; indirect transit is when goods arrive at customs warehouses and are then transported abroad.
Transit 7 6 -1 -13.5%
All Routes 299 341 42 13.9%
The Company's rail container transportation volumes for the first six months of 2011 increased by 18.3% to 654 thousand TEU compared to 553 thousand TEU in the first six months of 2010, mainly due to an increase in import and export transportation. Domestic transportation volumes in the first half of 2011 increased by 13.4% to 379 thousand TEU.
Transportation of containers by TransContainer's fleet in 1H 2011 (ISO Loaded + Empty), 000' TEU
1H 2010 1H 2011 Change
000' TEU %
Domestic Routes 334 379 45 13.4%
Export 126 159 33 26.3%
Import 79 104 25 31.6%
Transit 13 12 -2 -12.8%
All Routes 553 654 101 18.3%
Revenue-generating container transportation* volumes grew by 15.8% to 253 thousand TEU in the second quarter of 2011 as compared to 218 thousand TEU in the second quarter of 2010; for the first six months of 2011 revenue-generating container transportation volumes increased by 21.2% to 483 thousand TEU as compared to 399 thousand TEU for the same period of 2010.
TransContainer's estimated market share is flat at 52% both for the second quarter of 2011 and for the first half of 2011.
* transportation of client's containers and own loaded containers
Throughput of the Company's rail A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal network in the second quarter of 2011 amounted to 416 thousand TEU, an increase of 42 thousand TEU, or 11.3%, compared to 374 thousand TEU in the second quarter of 2010. For the first six months of 2011, the Company's terminal handling volumes amounted to 784 thousand TEU, representing an increase of 94 thousand TEU, or 13.7%, compared to the same period of 2010.
The Company's key asset utilisation metrics showed significant improvement in the second quarter of 2011 and for the first six months of 2011:
2Q 2010 2Q 2011 1H 2010 1H 2011
Turnover of containers, days 21.2 21.4 22.5 21.9
Turnover of flatcars, days 13.7 12.4 14.8 13.0
For containers - transporting an empty container on a flatcar, for flatcars – a flatcar run without container(s) or any non-container cargo.
Empty run* for containers, % 39.6% 35.2% 39.9% 35.7%
Empty run* for flatcars, % 9.4% 8.6% 9.0% 8.7%
* Empty run ratio is calculated as an average empty run in kilometers divided by an average total run in kilometers
Director, Capital Markets and Investor Relations
Phone: +7 (499) 262 8506, e-mail: ir(at)trcont.ru
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