Boxes drop, revenue rises for OOCL

OOCL, part of COSCO Shipping Group, resumes biofuel trials as it welcomes final mega 24,188 TEU mega vessel to its fleet.

There was a necessity to develop a service that enables long-term ocean transportation utilising refrigerated storage technology with minimal quality loss.

The Ocean Alliance with its 40 services across the main east-west network would dominate in all trade lanes apart from the transatlantic.

OOCl, which is part of China’s Cosco Shipping Group, is the first major carrier to announce its Q4 2023 trading results and they do not make happy reading. But they probably reflect the immense challenges the liner industry currently faces.

KPI OceanConnect, a leading supplier of marine energy solutions, and Orient Overseas Container Line (OOCL), which is one of the world’s biggest liner shipping companies, have successfully completed tests regarding the use of a B24 biofuel blend.

The port of Los Angeles’ (LA) trading performance in the second-half of the year continues to improve with the month of October being the third in succession that the port has handled more containers than in the corresponding period of 2022.