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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (7190)	3/23/2005 1:56:16 PM
From: D. K. G.	Read Replies (1) \| Respond to of 23958

Nice #'s from CRNS, this stock is a real sleeper. biz.yahoo.com ============================================ From 10K Global container trade experienced strong growth for the third successive year in 2004. China has reported significant increases in both its volumes of imports and exports in recent years, and the pace of growth in the volume of trade between China and other countries has been the catalyst to this growth. During 2004, container leasing companies experienced high levels of demand for new and existing containers. The following table summarizes the combined utilization of the Cronos container fleet for the past three years (based on approximate original equipment cost). 2004 2003 2002 Utilization at December 31 94 % 89 % 85 % Average utilization during the year 92 % 86 % 80 % The utilization rates for leased containers are currently at historically high levels. Based on the current market for leased containers and predictions from industry analysts that demand will remain strong in 2005, Cronos does not expect a significant decline in utilization rates in 2005. ============================================= The current price for a new twenty-foot dry cargo container is approximately $2,200 compared to a price of $1,350 in the latter part of 2003. This reflects the combined effect of the increased demand for containers together with increased costs for materials such as steel and wood. The high level of demand for new container equipment means that there is unlikely to be a major reduction in the price of new containers in the near future and that prices could increase further. Cronos has booked sufficient production space with the container manufacturers to meet all of its current requirements. In 2004, Cronos achieved a 3% increase in the per diem rate for the total container fleet including a 2% increase for dry cargo containers. Per diem rates for new containers increased in line with the increase in new container costs thereby mitigating the adverse effect on profitability caused by the increase in costs. Per diems rates for older containers increased slightly during lease renegotiations. Cronos expects to maintain existing rates or achieve slight increases over the next twelve months.