Receive FREE Newsletter
Advanced Search
+

News / OOCL enjoys a busier and more profitable first quarter than its new owner

LBCT
By

Ahead of its acquisition by COSCO, ocean carrier OOCL’s carryings jumped 7.5% year on year, to 1.58m teu, in the first quarter, while revenue surged 16%, to $1.38bn.

According to the operational numbers at least, Hong Kong-based OOCL enjoyed a better and more profitable quarter than its ...

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

    Cosco OOCL Pump up the volumes Takeover Talk The Purse Strings Transpacific Trade

    Most read news

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

    DHL Express facilities in Canada forced to shut down by strike

    BYD launches logistics subsidiary – and eyes ports and shipping sectors

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

    New ocean capacity dump wipes out transpac gains

    China pushes Cosco participation in consortium eyeing Hutchison buy

    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

    Shipper's logistics arm widens its focus and invests in airfreight

    Eastern Europe trade takes off as new air services generate excitement

    Asia-Europe container volumes up 17% in two years

    Transpac spot rates crash as pre-tariff demand for US imports from Asia fades

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

    Charter market still heated, lack of open tonnage keeping rates high

    Port congestion in Europe 'will last for years' – terminals 'chock-a-block full'

    Blow to cargo exports as Air India reduces long-haul services