OOCL Revenue Dives Amid Bleak Outlook

July 2009
Journal of Commerce (1542-3867);7/20/2009, Vol. 10 Issue 29, p6
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.


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