News / OOCL Q1 figures are a stark warning to carriers to keep rates up and costs down

28/04/2014

Ocean carrier OOCL’s first-quarter performance indicates there is concern that its normally conservative parent, Orient Overseas International, might have been a tad optimistic about the level of profit this year.

Earlier in the year, OOIL told investors that, after posting just a $47m net profit for ...

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Ricky Forman
April 28, 2014 at 3:13 pm
Carriers should be selling container FFA’s to mitigate their spot rate exposure. This natural hedge along with reducing unit costs is the only way forward for them. Carriers are literally throwing money down the drain by not protecting the income side of their business.

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