Subscribe to RSS feedGlobal crash forces OOCL cull
by
Obsidian
—
last modified
Mar 26, 2009 12:00 AM
Orient Overseas Container Line is set to reduce capacity by 20% by the end of this year as it redelivers chartered-in tonnage and suspends services in the face of a global crash in the container trades.
Chief financial officer Ken Cambie said OOCL had an operating capacity of 373,096 teu in the fourth quarter 2008.
This will be cut to 364,444 teu by the end of this month and will be slashed further to around...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
