Ahead of its acquisition by COSCO, ocean carrier OOCL’s carryings jumped 7.5% year on year, to 1.58m teu, in the first quarter, while revenue surged 16%, to $1.38bn.
According to the operational numbers at least, Hong Kong-based OOCL enjoyed a better and more profitable quarter than its suitor.
On the transpacific tradelane, its second-biggest trading region after intra-Asia/Australasia, OOCL achieved liftings growth of 16.3%, to 457,461 teu, with revenue improving by 19.2%, to $529m.
Asia-Europe trade leapt …
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Source: The Loadstar