"Even if trade growth were to moderate in 2013, we will continue to have solid growth because of shipping lines` increased reliance on container lessors," said company president and CEO Philip Brewer.
"With ocean carriers cash-strapped in 2013 and slow-steaming increasing the ratio of containers required in the supply chain, the future looks rosy for Textainer and its lessor peers," he said.
The New York-listed, Bermuda-based company said utilisation averaged 97.9 per cent during the quarter with the company investing a record $1 billion in new and used containers year to date, including more than $155 million of purchases from our managed fleet in the third quarter.
"We achieved record quarterly results. Total revenues and EBITDA were both quarterly records for the company, as we benefited from strategic investments in new dry and refrigerated containers, purchases of managed containers, and continued high utilisation," said Mr Brewer.
"We now own 69 per cent of our total fleet, which is the highest level ever. Owning containers benefits our shareholders as we earn significantly more on owned containers than managed containers," he said.