OOCL results signal healthier-than-expected first half for box trades

Cosco’s subsidiary ocean carrier, OOCL, increased its liftings by 3.2% in the first six months of the year, compared with the same period in 2018, to 3,374,412 teu with revenue up 6.5% to just over $3bn.
The carrier said that during the period, capacity increased by 4.3% and average revenue per teu was up 3.3%, although its overall load factor per vessel slipped marginally, by 0.9%.
OOCL’s quarterly operational updates are a …

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Source: The Loadstar

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