OOCL lifted both revenue and volumes in the third quarter

Cosco-owned OOCL both increased its revenue and lifted more containers in the third quarter of the year. The shipping company's rates, however, increased less than the market, says analyst.

Photo: PR / OOCL

Container shipping line OOCL, owned by China's Cosco, reports of a stronger revenue and an increase in handled containers in the third quarter of the year, shows a short accounting update.

The Hong Kong-based shipping company's revenue came to USD 1.9 billion in the third quarter against USD 1.6 billion during the same period in 2019. Revenue for the first nine months of the year increased from USD 4.6 billion last year to USD 5 billion this year.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Further reading

Related articles

Latest news

See all jobs