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OOCL once again saw volumes grow and rates drop

Orient Overseas Container Lines, OOCL, loaded more than 11 percent more containers in April, May and June, but the lower rate level can be felt.

Photo: PR-foto

Container carrier OOCL saw strong growth in April, May and June, for the third straight quarter. But as has been the case in many more consecutive quarters, the growth in revenue was unable to keep up due to low rates.

The Hong Kong based carrier, whose full name is Orient Overseas Container Lines, increased its ship capacity by 2.1 percent in the quarter, but loaded 11.2 percent more containers on board the ships, compared to the second quarter 2013.

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