News / OOCL profit surges thanks to low oil prices and property investments

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OOCL parent Orient Overseas International Ltd (OOIL) has announced a $239m net profit for the first six months of 2015, compared to $181m in the same period of the previous year, cementing its reputation as one of the most well-managed container lines.

Although the bottom line benefited from a $61m contribution from property investments, it ought to be pleased with the performance from its container line in what was, especially in the second quarter, a tough market environment.

OOIL chairman CC Tung ...