American ShipperMaritimeTrade Compliance

OOCL’s Tung sees overcapacity but ‘positive results’ in 2014

· Monday, March 10, 2014

OOIL Chairman C.C. Tung said that overcapacity will occur this year, stemming from tonnage growth, but that there will be higher demand than in 2013. OOIL saw revenue of $6.23 billion in 2013, compared to $6.46 billion in 2012.

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.