OOCL profit rises in 2012 despite tough 4Q

Ocean

Wednesday, March 06, 2013

Hong Kong-based Orient Overseas International, Ltd. (OOIL), the parent company of liner carrier OOCL, on Wednesday said its 2012 operating profits rose 86.9 percent year-on-year in 2012 to $343.2 million. Revenue for the company rose 7.4 percent to $6.5 billion, while container volume rose 3.7 percent to 5.2 million TEUs. OOCL’s revenue per TEU carried rose 2.9 percent to $1,131. At the end of 2012, OOIL had net debt of $542 million and liquid assets of $2.3 billion. ...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.