Hapag-Lloyd: a 'pretty good first quarter' – but trend for 2025 'pretty uncertain'
As it presented its first-quarter financial results today, Hapag-Lloyd cautioned that any cargo surge following ...
By Mike Wackett
Orient Overseas International Ltd (OOIL), the parent of ocean carrier OOCL, has reported a full-year net profit for 2015 of $284m, compared with $270m the year before.
However, most of the money was made in the first half of a year, while its second-half profit slumped to just $45m, compared with $89m the year before.
“At the start of 2015, container shipping companies enjoyed unforeseen conditions that were, almost without exception, positive,” said OOIL chairman CC Tung.
“By the end of the year, the worsening imbalance ...
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