Subscribe to RSS feedOOCL condemns freight swaps
by
Colum Murphy, Hong Kong
—
last modified
Aug 27, 2010 10:45 AM
HONG Kong box line Orient Overseas Container Line is the latest ocean carrier to question the benefits of freight rate derivatives.
OOCL’s lack of enthusiasm for container freight swap agreements as a hedging tool against rate fluctuations follows similar disinterest from other global lines including Maersk, APL and Zim.
Director of corporate planning Stephen Ng said OOCL had examined container...
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