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News / OOCL results point to loss of market share

OOCL Ship Photo 112434524 © Péter Gudella Dreamstime.com
Photo: © Péter Gudella
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Elevated freight rates over the course of last year nearly doubled Hong Kong-based Cosco subsidiary OOCL profits, according to the firm’s financial results released today.

The carrier saw revenues grow some 25%, to $10.7bn, for the year, compared with the $8.3bn it earned in 2023, while ...

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