Independent journal on economy and transport policy
07:48 GMT+1
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In the second half of 2019, OOIL's revenues increased by 3.5%
Operating profit fell -23.3%
March 23, 2020
The Orient Overseas Group (International) Ltd. (OOIL), which operates shipping services under the Orient Overseas brand Container Line (OOCL) and which is controlled by the group Chinese shipowner COSCO Shipping Holdings Co., closed 2019 with a sharp increase in net profit that amounted to USD 1.35 billion, with an increase of 1,147.0% determined by the 1.19 billion contribution generated by the sale from the group's terminal operations in the US which was completed last October (25 October 2019).
Last year, during which the fleet of container OOCL carried more than 6.9 containerized cargo million teu with growth of 3.8% (24 January 2020), OOIL Group revenues stood at 6.88 USD 4.7%, EBITDA was 881.6 per cent. million dollars (up 22.9%) operating profit at 361.3 million dollars (up 37.4%).
In the second half of 2019 alone, in which volumes containers transported by the fleet amounted to almost 3.6 million teu with an increase of 4.5% over the same period in the previous year, revenues totaled 3.58 billion EBITDA was 419.1 million dollars, or 3.5%, US dollars , up 6.2 per cent, operating profit at US 163.0 million (-23,3%) net profit at USD 1.21 billion, or 921.1%.
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The Orient Overseas Group (International) Ltd. (OOIL), which operates shipping services under the Orient Overseas brand Container Line (OOCL) and which is controlled by the group Chinese shipowner COSCO Shipping Holdings Co., closed 2019 with a sharp increase in net profit that amounted to USD 1.35 billion, with an increase of 1,147.0% determined by the 1.19 billion contribution generated by the sale from the group's terminal operations in the US which was completed last October 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
