Cosco Shipping subsidiary OOIL has reported a net profit of $102m for the half-year, compared with a profit of $139m the year before.
Revenue, the majority attributable to its OOCL liner services, came in at $3.43bn, slightly above the $3.3bn for the first six months of 2019.
OOIL’s transport and logistics sector contributed an ebit of $158m to the group result.
OOCL’s liftings decreased by a relatively modest 2.6%, to 3.27m teu, as …
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Source: The Loadstar