Cosco Shipping subsidiary OOIL’s container arm, OOCL, saw just a 0.4% year-on-year decline in liftings in the first quarter, but revenue was up 5.5%.
However, the Hong Kong-based carrier’s seemingly strong operational performance – a possible bellwether for forthcoming liner financial results – does not include a great deal of the negative impact from the Covid-19 pandemic.
The number of containers carried across OOCL liner trades in the quarter was 1,598,422 teu, …
The post Strong first quarter...
https://theloadstar.com/strong-first-quarter-for-oocl-but-the-pandemic-impact-is-still-to-be-seen/