ShippingWatch

OOCL earns close to USD 1 billion in record year

Container carrier OOCL achieved an operating profit of USD 992 million in 2020. The best result ever, writes the container line. Revenue and container volumes also broke records.

Photo: PR / OOCL

Orient Overseas Container Line (OOCL) publishes its 2020 report Friday, which shows solid progress for both earnings and revenue.

In 2020, the company realized a revenue of USD 8,191 million against USD 6,879 million the year before. At the same time, the operating profit took a significant leap upwards to USD 992 million against USD 361 million in 2019.

Read the whole article

Get 14 days free access.
No credit card required.

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

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs