US-based container leasing company CAI International has reported an average utilisation rate of 99.7% in the first quarter of this year, up 1.5% on the same period last year, but only edging up 0.1% on Q4 2020.
The company leased out US$129 million in new containers on long term leases at an average period of 9.7 years bringing a first quarter return on equity (ROE) to 21.3%. In addition, the company has long term commitments for a further US$350 million in the second and third quarters of this...
https://container-news.com/box-lessor-cai-sees-utilisation-top-99/