Orient Overseas in Hong Kong, which controls the carrier Orient Overseas Container Lines (OOCL), emerged from the first half year with a net deficit of USD 56.7 million against a net profit of USD 238.6 million in the same period last year. However, without the earnings boost provided by the group's logistics activities in the company Hui Xian and from a reevaluation of the ownership of the New York Hotel Wall Street Plaza, the result would have come to a deficit of USD 82.4 million for the first six months of 2016, according to the group's second quarter interim report.