News / More Asia-North Europe extra loaders weigh anchor as cargo backs up

26/04/2021

Notwithstanding Covid skewing comparison, OOCL’s huge 24% year-on-year volume growth in Q1, revealed in its operational results on Friday, is still likely to be ahead of most of its rivals.

And the Cosco Shipping subsidiary recorded an above-industry par 7.3% growth in its liftings for 2020, evidence of its aggressive market share aspirations.

Exporters from Asia are facing weeks of delay in shipping their goods, at any price, but OOCL and some of its peers are adding capacity and piling on extra ...