News / OOCL reports a 'robust' H1 performance as demand see-saws

Photo: OOCL

The container market is “very far from being in disaster territory”, according to OOCL parent Orient Overseas (International) (OOIL).

The Cosco subsidiary posted what it called a “robust” $1.13bn net profit for the half-year, which compares with a $5.7bn profit for the same period last year.

OOIL said the ships operated by its container arm were currently “sailing full” on the main tradelanes – although it was “cautious” on the outlook, “given the challenges and uncertainties that abound”.

Group turnover for the first ...