Container

OOCL expects "uncertain" 2024 with several challenges

Revenue in the Cosco-owned container carrier fell by 60% and profit by 86% in 2023, while management describes the market in 2024 as ”uncertain.”
Photo: Pr / Oocl
Photo: Pr / Oocl
by DAG HOLMSTAD

Like many of its competitors, Chinese container line OOCL, a subsidiary of Cosco Shipping, had a 2023 with a dramatic setback across the board, shows the carrier’s annual report.

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