Cosco-owned Orient Overseas International Ltd (OOIL) has posted a net profit of $139m for the first six months of the year, which compares with a loss of $10m for the same period last year.
Revenue from its operations, including ocean carrier OOCL, jumped 6%, to $3.3bn, earned from liner liftings of 3,374,412 teu, up 3.2% on the previous year, as freight rates improved generally.
However, compared with its carrier peers that have …

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Source: The Loadstar