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By Mike Wackett
As a harbinger of ocean carrier interim results, OOCL’s operational H1 update paints a grim picture of the financial performance of the industry in the first six months of the year.
The line’s average rate per teu plunged 21.2%, compared with the same period of 2015.
The Hong Kong-based carrier recorded a 16.9% decline in revenue on H1 2015, at $2.25bn, despite a 5.5% improvement in liftings, to 2,890,208 teu.
Next month, along with most of its peers, the carrier’s parent, OOIL, will report its H1 financial result, but given ...
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