OOIL clearly has great results but forecast cloudy

Orient Overseas (International) Limited (OOIL) said it scored the highest first-half revenue in its history but is unsure if it can maintain the record-breaking ways. 

The Hong Kong-headquartered ocean carrier announced a profit attributable to equity holders of $5.66 billion for the six-month period that ended June 30, compared to a profit of $2.8 billion for the same period in 2021.  

“The outstanding performance of the group was driven by the continuing extraordinary conditions prevailing in...

https://www.freightwaves.com/news/ooil-clearly-has-great-results-but-forecast-cloudy

OOCL Q3 revenue up 125% to $4.3 billion

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

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