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26 April 2019 The on-line newspaper devoted to the world of transports 16:23 GMT+2

November 2, 2018

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Original news
The charter of continuous CAI International container to record turned out record

The American company previews that the question will remain elevated also in 2019

In the third trimester of this year the charter of intermodal container CAI International has newly recorded turned out economic records with revenues that have been attested to the historical quarterly peak of 115,4 million dollars, with an increment of +28.1% on the third trimester of 2017 and with an increase of 9,7 million dollars compared to the previous quarterly record totaled in the period April-june of this year. Also the value of the operating profit most important is never obtained by the American company being turned out pairs to 42,9 million dollars (+34.4%). The profit clearly is piled to 21,7 million dollars (+23.7%).

In the first nine months of the 2018 revenues they have been attested to 316,5 million dollars, in increase of +24.4% on the period January-september last year. Operating and useful profit clearly has been pairs respective to 117,5 million dollars (+57.5%) and 59,2 million dollars (+66.7%).

Explaining that the remarkable dynamism of the market in which work the company that has characterized the first semester of this year is continued also during the third trimester, the president and managing director of CAI International, Victor Garcia, it has specified that the level of the question is elevated and has specified that CAI previews that will continue to remain such thanks to the improvement of world-wide the economic context, question that the society considers will continue to grow not only in the next few months but also in 2019.

"We continue to being optimistic about the question of container in the course of the next year - Garci'a has explained - and do not believe that custom offices and the effectiveness of IMO 2020 (the norms that will impose on January 1°, 2020 from the reduction to 0.5% of the maximum sulfur tenor in fuel used from the ships, ndr) they will have an impact negative on our activity. Until today we have not seen some slow down of the container question because of the custom offices and consider that probably the container question will remain elevated very until the turn of the year, from the moment that the loaders try to avoid rates higher that could take effect at the beginning of 2019. More in the long term we consider that the potential imposition of permanent custom offices will involve an interruption of the supply chain as the producers retrieve the materials from other regions creating logistic throttlings and increasing the total question of container. Moreover we do not consider that the imposition of the norms IMO 2020 that they demand to the navigation companies to install scrubber on their ships or to consume fuel to low sulfur tenor will have an impact negative on our activity. The navigation companies are already programming adaptations relatively to the cost of the bunker in order to take into consideration higher costs, costs that we believe will be transferred to their customers as greater shipping charges".

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