A 125% year-over-year revenue hike certainly warrants a bold headline, but that’s not Orient Overseas Container Line’s style.
Parent company Orient Overseas (International) Ltd. provided a two-paragraph summary of its third quarter, which ended Sept. 30 up 125.3% compared to the same period in 2020 at $4.3 billion in total revenue.
“This record result was achieved despite severe congestion around the network, which drove down liftings by 7.2% and loadable capacity by 7.6%,” OOCL said. “The...
https://www.freightwaves.com/news/oocl-q3-revenue-up-125-to-43-billion