Subscribe to RSS feedOOCL turns to charter market as capacity squeeze kicks in
by
Perris Lee and Colum Murphy
—
last modified
Aug 18, 2010 01:17 PM
ORIENT Overseas Container Line is starting to feel the pinch in terms of capacity as high load factors prompt the company to look to an increasingly tight charter market for new tonnage.
Kenneth Cambie, chief financial officer of parent Orient Overseas (International), said OOCL felt “somewhat constrained” and that if it could find additional charter capacity, it would deploy it.
Mr Cambie was speaking at the announcement of the group’s interim...
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