TITLE

OOCL Revenue Dives Amid Bleak Outlook

PUB. DATE
July 2009
SOURCE
Journal of Commerce (1542-3867);7/20/2009, Vol. 10 Issue 29, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in revenue of the Orient Overseas (International) from the second quarter of 2008. The revenue declined 42.6 percent to U.S.$869.6 million as shipping volume slid 18.7 percent. Orient Overseas Container Line (OOCL) expects volume of container shipping and rates to remain weak in the second half of 2009. According to OOCL, Asia-Europe is greatly affected by the cut in revenue.
ACCESSION #
43453496

 

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