OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
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The half-year results are in for the three Japanese lines NYK, MOL and K Line, and it’s a mixed bag. K Line beats its profit forecast by just under 100%, benefitting from strong rates between Japan and North America; MOL saw its profits drop by 45% with slumping north-south volumes and port congestion in Asia denting earnings; and NYK was flat with cost cutting mitigating weak revenues
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