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OOCL turns deficit into major profit

Trade conflict looms amid signs of economic slowdown. Despite this, however, OOCL is optimistic in the mid-length and long terms as the container line books a major profit for the first half of 2019.

Photo: PR / OOCL

Orient Overseas Container Lines (OOCL), like several competitors, has seen improvements during 2019, although the trade war rumbles on as economic decline looms ahead.

During the first six months of the year, the Hong Kong-based container line, owned by Chinese Cosco, turned a deficit from the corresponding period of 2018 into a considerable profit.

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