News / OOCL joins the carrier billionaires with a record first-half result

The OOCL Hong Kong was christened in South Korea last week

Orient Overseas (International) (OOIL), parent company of OOCL, has posted a net profit of $2.8bn for the half-year – far and away the best interim result in the group’s 52-year history.

The Cosco-subsidiary’s turnover more than doubled, compared with the same period of 2020, to just under $7bn, with revenue from OOCL’s liner services soaring 108%, to $6.5bn.

Meanwhile, OOCL Logistics saw a 15% increase in its revenue, despite what OOIL described as “fierce competition” in the forwarding sector.

OOCL’s liftings increased by ...