Elevated freight rates over the course of last year nearly doubled Hong Kong-based Cosco-subsidiary OOCL profits, according to the firm’s financial results released today.
The carrier saw revenues grow some 25% to $10.7bn for the year, compared to the $8.3bn it earned in 2023, while operating profit came in at $2.6bn in 2024, compared to the $1.4bn profit the year before.
However, its volumes and capacity were pretty static year-on year: it …
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