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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United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its latest key financial figures, says Alphaliner.
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Steve McCormack
August 26, 2016 at 2:43 pmNo problem at all. UASC, with the backing of the Gulf-governments will never sink. They will pay the 4bn USD from the petty-cash-box. That will be the last carrier who is getting into trouble. Jorn Hinge did a marvellous job by leading UASC for so long.