Independent journal on economy and transport policy
15:31 GMT+2
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Record quarterly revenues for container charterer CAI
Page: Container demand will remain high throughout 2021
February 17, 2021
In the whole of 2020, the revenues generated by the rentals of the containers decreased slightly by -1.6% having stood at $294.0 million compared to $298.8 million in the year Previous. Operating expenses amounted to 144.7 million dollars (-9.1%). Operating profit totalled 149.3 million dollars (+6.9%) and net profit of $27.7 million (-10.6%).
"In recent quarters," commented the President and CAI CEO Timothy Page - the global market of the containers was remarkable, with a question without prices that have risen to record levels. We believe - he added - that the demand for containers will remain for the whole of 2021."
At 31 December last year, the size of the fleet of containers cai amounted to 1.74 million teu, of which 1.69 million property and 56,000 under management.
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In the whole of 2020, the revenues generated by the rentals of the containers decreased slightly by -1.6% having stood at $294.0 million compared to $298.8 million in the year Previous. Operating expenses amounted to 144.7 million dollars (-9.1%). Operating profit totalled 149.3 million dollars (+6.9%) and net profit of $27.7 million (-10.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
