News / OOCL loses market share on Asia-EU, but soaring rates prop up top line

Photo 150027845 | Freight © Halit Sadik | Dreamstime.com

The impact of soaring spot freight rates made itself felt on OOCL’s top line after the Hong Kong-headquartered carrier published its unaudited second-quarter operational update this morning.

The new numbers also appear to show that OOCL may have lost market share on its Asia-Europe services, which in the second quarter registered a year-on-year decline of 17.2%, with three-month liftings on the route recorded at 351,000 teu, compared with 424,000 teu in the second quarter of last year.

For the first half of ...