Subscribe to RSS feedUS$231m loss is OOIL's first in a decade
by
Keith Wallis and Hui Ching-hoo - Lloyd's List
—
last modified
Aug 10, 2009 11:56 AM
Orient Overseas (International), parent company of box carrier Orient Overseas Container Line (OOCL), has posted its first interim loss for 10 years.
OOIL reported a US$231m loss in the first six months of the year as container liftings fell 17.2% and revenue per container slumped 24.1%.
This compared with a US$159.9m net profit in the first half last year.
Revenue fell 37% to US$2.1bn...
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