Receive FREE Newsletter
Advanced Search
+

News / OOCL profits swamped in the wake of cascading after arrival of bigger ships

default_image
© Khunaspix Dreamstime.
By

Hong Kong-based OOIL saw its net profit slashed by 84% in 2013, compared with the previous year, to $47m as the influx of ultra-large containerships onto the Asia-Europe tradelane displaced a number of post-panamax vessels onto other routes.

OOCL has in the past been protected from ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    OOCL The Purse Strings

    Most read news

    DHL Express facilities in Canada forced to shut down by strike

    Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz

    New Middle East conflict brings airspace closures, flight chaos and oil price worry

    Industry concerns rise after yet another box ship on fire off Indian coast

    BYD launches logistics subsidiary – and eyes ports and shipping sectors

    Return of downward pressure on container spot freight rates

    New ocean capacity dump wipes out transpac gains

    Shippers wanting a return to Suez should be careful what they wish for

    China pushes Cosco participation in consortium eyeing Hutchison buy

    A dull airfreight market after front-loading push – carriers desperate for volumes

    Congestion at Chittagong as boxes pile up on docks and ships wait at anchor

    News in Brief Podcast | Week 24 | Ship fires, geopolitics and DSV drama

    China+1 acceleration as tariffs drive supply chain rerouting

    Loadstar Leader: Diversification is built-in in forwarding

    Eastern Europe trade takes off as new air services generate excitement

    Demand for Chinese exports 'a catalyst' for rate increases and port congestion