OOCL boosts revenue in the second quarter

Container line OOCL increased its revenue in the second quarter even though volumes dropped, shows a brief market update from the company, which is owned by Chinese Cosco.

Photo: PR / OOCL

Container shipping line OOCL, owned by China's Cosco, boosted revenue in the second quarter, during which the outbreak of coronavirus otherwise put a damper on world trade.

In a brief market update, OOCL informs that revenue increased 1.1 percent to USD 1.5 billion in the second quarter of 2020 compared to the corresponding period last year.

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