OOIL earnings plummet

Hong Kong-based  Orient Overseas (International) Ltd (OOIL) said today its profit in 2013 nosedived to US$47 million, down from $295.4 million in 2012, as…

OOCL logs higher volumes but lower revenue, sets Europe-Asia rate hike

Orient Overseas Container Line (OOCL) reported a 10 percent hike in container volumes to 1.39 million TEUs (20-foot-equivalent units) in the fourth quarter of…