Independent journal on economy and transport policy
08:01 GMT+1
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Since mid-June, CAI has seen an improvement in the container rental market
In the April-June period, the company's revenues fell by -6.2%
August 7, 2020
Timothy Page, interim president and CEO CAI, explained that the second half of this year was started in a climate of great uncertainty due to the impact of the Covid-19 pandemic, but as the weeks progress the markets have started to stabilize, a certain liquidity and recovery expectations have improved. "The demand - Page announced - was found to be particularly consistent since mid-June and we have agreed with the customers renting about 70,000 teu of containers that are expected to will be delivered before the end of the third quarter. Also, - Page pointed out -- we've made arrangements for the rental of about 80,000 teu of containers delivered in the fourth quarter of 2020. As a result of this significant customer demand, we believe that in the coming quarters our core container business will generate net revenue growth."
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Timothy Page, interim president and CEO CAI, explained that the second half of this year was started in a climate of great uncertainty due to the impact of the Covid-19 pandemic, but as the weeks progress the markets have started to stabilize, a certain liquidity and recovery expectations have improved. "The demand - Page announced - was found to be particularly consistent since mid-June and we have agreed with the customers renting about 70,000 teu of containers that are expected to will be delivered before the end of the third quarter. Also, - Page pointed out -- we've made arrangements for the rental of about 80,000 teu of containers delivered in the fourth quarter of 2020. As a result of this significant customer demand, we believe that in the coming quarters our core container business will generate net revenue growth."
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
