OOCL reports significant revenue decline amid steady box volumes
COSCO-owned Orient Overseas Container Line (OOCL) reported total revenues of US$1.98 billion for the second quarter, translating to a huge year-on-year 62.6% decrease, while the company's revenues for the first six months of 2023 fell by 60.2% to US$4.15 billion.
On the other hand, the total number of liftings grew slightly by 1.3% in the second quarter of the year
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