OOIL/OOCL records the best annual and semi-annual financial results of its own history

In 2021, OOIL's revenues more than doubled to 16.8 billion, up +105,5 percent on the previous year's annual financial year. The growth of operating costs that have amounted to less than 8.7 billion (+ 31.1%) is much more limited. The gross operating margin was almost 8.0 billion (+ 446.7%), operating profit at 7.3 billion (+ 633.8%) and net profit to over 7.1 billion (+ 689.4%).

The record financial performance of the only second half of 2021 shows revenues of 9.8 billion, an increase of +106,8% on the second half of the previous year, an EBITDA of 4.8 billion (+ 351.8%), an operating profit of 4.4 billions (+ 428.6%) and a net profit of 4.3 billion (+ 439.1%).

On the trend of activity in the coming months, OOIL said that the market for containerized shipping is currently very similar to that of 2021, with sustained demand and continuation of supply congestion. world chain that places considerable pressure on the availability of cargo spaces that thus translates into high demand for OOCL's services. Scenario that OOIL believes will not change during the first half of 2022. OOIL said it was difficult to make forecasts for the following period even in light of the repercussions of the Covid-19 pandemic on world trade. The Hong Kong-based company makes no mention of the remarkable heightening of geopolitical tensions consequent to the invasion of Ukraine by Russian troops. In this regard, it appears that OOIL, like the parent COSCO Shipping and other Chinese firms, has evened the attitude of the government in Beijing to the new major international crisis, which currently sees China only interested in marginally of the issue and Chinese companies, including OOIL and COSCO Shipping, continue to carry out operational and commercial activities with Russia.

OOCL has a fleet consisting of 61 container carriers of the overall load capacity equal to 538mila teu. Last September, OOIL issued orders to shipyards Nantong COSCO KHI and Dalian COSCO KHI for the construction of ten 16,000-teu container carriers that will be taken in delivery between the last quarter of 2024 and the last quarter of 2025 ( of the September 2 2021). These new ships will add to the 12 23,000-teu container carriers that OOIL already has under construction and will be taken in delivery in 2023 and 2024.