OOCL’s profit in H1 2022 doubles - even as volumes drop

Orient Overseas Container Line's (OOCL’s) net profit for the first half of 2022 doubled from the same period of 2021 to US$5.66 billion, even as the Hong Kong-based carrier moved fewer containers.

During the first six months of the year, OOCL, which was acquired by COSCO in 2018, carried 3.64 million TEU, slightly down from the 3.93 million TEU shipped in 1H 2021.

The first half of 2022 produced the highest half-year revenue in OOCL’s history, as the company’s income totalled US$11.06 billion, up 58% from the US$6.99 billion collected in 1H 2021.

Source: container-news.com

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