OOCL maintains profit in first half of the year

OOCL reports a profit of USD 102 million for the first half of the year, shows the container line's interim report. Demand increased in May, but the increase is far from certain, says management.

Photo: PR / OOCL

Like several of its competitors, Orient Overseas Container Lines, OOCL, delivers a profit for the first half of the year, which in the spring was feared would become a dire period for the container industry.

In the first six months of the year, the Hong Kong based container line, which is owned by Chinese Cosco, made a profit of USD 102 million, compared to USD 139 million in the first half of 2019, shows the interim report from holding company Orient Overseas International Limited, OOIL.

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