OOCL carried fewer boxes but improved its revenue in the second quarter, providing the industry with some hard evidence that ocean carriers successfully managed the demand turbulence of the pandemic.
The Cosco subsidiary saw liftings decline 4.6% in the quarter, compared with the same period of the previous year, to 1,688,055 teu. However, turnover was up 1.1% to $1.58bn.
The operational data released byOOIL is a useful bellwether for the upcoming carrier results …
The post Carriers have weathered the Covid storm, suggests OOCL trading update appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "Carriers have weathered the Covid storm, suggests OOCL trading update"