OOCL loses market share on Asia-EU, but soaring rates prop up top line
The impact of soaring spot freight rates made itself felt on OOCL’s top line after ...
Hong Kong’s Orient Overseas Container Line (OOCL) released a terrific, unaudited and preliminary operational update at the end of last week that bodes well for all the majors this earnings season, although the Q3 ’20 surprise factor for the carriers has long since vanished.
An excerpt is here below (emphasis in bold added), with stunning liftings figures standing out among a slew of outstanding metrics:
“For the third quarter ended 30th September 2020, total volumes were 9.5% up from the ...
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