OOCL

Orient Overseas Container Line saw mostly improved second-quarter performance across volumes, utilization, and pricing.    

Hong Kong-based Orient Overseas Container Line saw Q1 profits decline on weaker rates despite higher container volumes.

Container rates on the eastbound trans-Pacific fall by double-digits as ocean shipping braces for new U.S. port fees. 

Chinese-owned Orient Overseas (International) Limited, parent of OOCL, said it carrier 4.4% more containers in the second quarter from a year ago.

The parent of Orient Overseas Container Line said 2024 earnings grew on higher revenue from supply chain disruptions that pushed up ocean rates.

The OOCL Iris on Tuesday became the largest-ever container ship to call the Port of Charleston.

Here’s what you need to know as ocean carrier alliances prepare to deploy new and reorganized container services.

Global ocean carriers are targeting the growing trade from China to Mexico with new express services.

The upsurge in rates due to ship diversions did not come soon enough to rescue container lines’ fourth-quarter results.

The plot thickens in the legal battle between Bed Bath & Beyond and container lines. More carriers are in the crosshairs.

Expectations for peak season have waned, but container lines may have bounced off the bottom.

Bed Bath & Beyond “failed to manage its own supply chain” and “exacerbated the bottlenecks faced by other shippers,” alleges OOCL.

Bed Bath & Beyond got pummeled by the supply chain crisis. The company is now targeting shipping lines for allegedly compounding its woes.

First-quarter numbers from container lines Cosco, OOCL and Evergreen show lingering upside from the tail end of the boom.

HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”

Ocean carrier revenues fell sharply in the fourth quarter versus the third and continued sinking in January.

New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.

OOIL reports record revenue but has “legitimate concerns about the impact of inflation and interest rate rises on consumer spending.”

In the second quarter, new highs were set for Cosco profits, OOCL revenue per container, and Evergreen operating revenues.

Carrier profits are reaching previously unimaginable heights as supply chain disruptions supercharge gains.