OOIL offers dividend, but warns boom times are over

Capt. John

HONG KONG’s Orient Overseas (International) Limited (‘OOIL’) has announced a profit attributable to shareholders of US$1.36 billion for 2023, drawn on revenues of US$8.34 billion. This compared to last year’s profit of US$9.96 billion. ‘The exceptionally robust container shipping market during Covid is now far behind us, and we have returned to a rather normal yet uncertain year,’ said OOIL, whose principal holding is Orient Overseas Container Line (OOCL). OOCL’s overall revenue in the first...


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