Transpacific the top earner as a strong Q2 boosts OOCL revenue

OOCL’s second-quarter trading update has reinforced signs of a stronger-than-expected container shipping market, the carrier reporting double-digit gains in both revenue and volumes, as demand and freight rates continued to recover.  For the three months to 30 June, OOCL.recorded liner revenue of $2.5bn, up 19.8% year on year, with liftings up 8.8%, to 2.14m teu; loadable capacity grew 6.3%, and t Read full article →