OOCL results point to loss of market share
Elevated freight rates over the course of last year nearly doubled Hong Kong-based Cosco subsidiary ...
© Khunaspix Dreamstime.
By Mike Weir
It may have seemed nigh-on impossible recently to make money out of freighters, but TNT Express has shown the world how. But making real money will be more difficult.
The Netherlands-based express company has decided not to sell a pair of Boeing 747s, and in doing so has marked-up their value from the market price (which they apparently failed to fetch) to the book value ascribed to them before thoughts of selling arose.
The difference, €55m, appears on the fourth-quarter profit & ...
Comment on this article