Positive Q3 operational results for OOCL for Q3, in tandem with Maersk’s recent outlook upgrade, indicate that ocean carriers may have performed better than expected in the first nine months of the year.
Cosco subsidiary Orient Overseas International reported a 4.1% rise in the liftings of its ocean carrier, OOCL, in the third quarter, compared with the same period of the year before, to 1,781,120 teu.
Q3 revenue grew 5.8% to $1.65bn …
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Source: The Loadstar