News / OOCL results bode badly for shipping lines as rate-per-teu sinks

© William Jell |

OOCL saw its revenue slump 63% in the second quarter, compared with the same period of 2022, but of more concern is the 15% quarter-on-quarter fall in the carrier’s average rate per teu.

OOCL’s operational numbers do not augur well for the upcoming publication of rival ocean carrier Q2 financial results, and suggest that more and more liner services are now operating at a loss.

OOCL’s carryings in Q2 held up well and were in fact 1.3% higher than the previous year ...