Receive FREE Newsletter
Advanced Search
+

News / OOIL's bleak warning to the industry as its container line sails into the red

OOCL Sydney
By

Orient Overseas (International) Ltd (OOIL) posted a net loss of $57m for the first half of this year – this compares with a profit of $239m at the halfway stage of 2015.

OOIL gave a bleak warning of the outlook for container shipping and suggested that the industry ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    OOCL The Purse Strings

    Most read news

    New Middle East conflict brings airspace closures, flight chaos and oil price worry

    DHL Express facilities in Canada forced to shut down by strike

    BYD launches logistics subsidiary – and eyes ports and shipping sectors

    Shippers wanting a return to Suez should be careful what they wish for

    New ocean capacity dump wipes out transpac gains

    China pushes Cosco participation in consortium eyeing Hutchison buy

    Congestion at Chittagong as boxes pile up on docks and ships wait at anchor

    News in Brief Podcast | Week 24 | Ship fires, geopolitics and DSV drama

    Shipper's logistics arm widens its focus and invests in airfreight

    Transpac spot rates crash as pre-tariff demand for US imports from Asia fades

    Asia-Europe container volumes up 17% in two years

    Eastern Europe trade takes off as new air services generate excitement

    Port congestion in Europe 'will last for years' – terminals 'chock-a-block full'

    Demand for Chinese exports 'a catalyst' for rate increases and port congestion

    Charter market still heated, lack of open tonnage keeping rates high

    Forwarders fear for margins amid volatility and strategy uncertainty