OOCL Profits Plummet Amid Soaring Rates & Demand Spike

Capt. John
  • OOCL enjoys rich profits following a demand spike despite pandemic.
  • OOCL’s liftings improved by an above-market 7.3% on 2019 with revenue gaining 18.9% on the year.
  • Tradelanes also record substantial gains and no end in sight to the bull run of container lines.

A strong Q4 2020 operational update from OOCL implies the liner industry’s profitability since the middle of last year, despite the pandemic, reports the Loadstar.

Substantial revenue gains

The liner barometer data released by the Hong...

https://mfame.guru/oocl-profits-plummet-amid-soaring-rates-demand-spike/

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