OOCL volumes up as parent company returns to profit

Container volumes at Orient Overseas Container Line (OOCL) grew by 3.6% to 6.3m teu in 2017, while the carrier’s parent company returned to profit.

Volumes on OOCL’s Trans-Pacific and Asia-Europe routes performed considerably well, growing by 16.3% and 19.7% respectively.

Orient Overseas (International) Limited (OOIL), which counts OOCL as a subsidiary, recorded a net profit of US$138m in 2017 after posting a loss of US$219m the previous year.