Orient Overseas Container Line (OOCL) has reported a significant increase of 71% in its first-quarter revenues, compared to 2021 Q1, surpassing US$5.1 billion.
“This record result was achieved despite severe congestion around the network, which drove down liftings by 9.2% and loadable capacity by 6.5%,” said OOCL in its announcement.
The overall average revenue per TEU increased by 88.3% compared to the first quarter of last year with the container volumes of the COSCO-owned shipping line...
https://container-news.com/oocls-revenues-skyrocket-amid-container-volume-decline/