Independent journal on economy and transport policy
18:28 GMT+1
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The health crisis also has a negative effect on the world's first container renter
Triton's revenues fell by -5.7% in the first quarter
April 24, 2020
"As of the end of January," he said Triton's CEO, Brian Sondey - the outburst Covid-19 and the adoption of broad restrictive measures in China a sharp decline in exports from China. This decrease in exports has resulted in a lower demand for containers and from February the employment rate our fleet declined after stabilizing at December and January. However , Said Sondey, in the first quarter-time container production was very low and our portfolio of important long-term rental contracts continues to protect us from short-term market challenges term'.
Highlighting that, as of March, exports from the China have grown as restrictions on activities have been reduced, but the spread of the pandemic in other regions in the world has led to the adoption in other nations of measures to prevent the spread of the contagion that, in the second quarter, caused a sharp decline in business and a second significant decrease in traffic Sondey specified that it is expected that The negative impact on container rental demand will continue as long as the level of economic activity and trade will remain limited, crisis - observed -- that if it were to persist it could also result in a significant increase in the financial challenges that need to be Triton's customers.
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"As of the end of January," he said Triton's CEO, Brian Sondey - the outburst Covid-19 and the adoption of broad restrictive measures in China a sharp decline in exports from China. This decrease in exports has resulted in a lower demand for containers and from February the employment rate our fleet declined after stabilizing at December and January. However , Said Sondey, in the first quarter-time container production was very low and our portfolio of important long-term rental contracts continues to protect us from short-term market challenges term'.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
