OOCL results point to loss of market share
Elevated freight rates over the course of last year nearly doubled Hong Kong-based Cosco subsidiary ...
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© Levente Gyori
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Benign container shipping trends – from a low revenue base of 2023* – can be spotted in the preliminary, headline numbers released by Cosco-owned OOCL yesterday, 7 October, you could well argue.
(*As well as Q3 20 and Q3 19, for that matter, on the same basis – more below.)
But how bullish was this opening update from Asia?
Breathe.
Despite the headline story of skyrocketing revenue growth of +73.7% in Q3 24 against one year earlier, a more granular look at OOCL’s interims…
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