Taiwan’s OOCL posts higher revenues and volumes ahead of its acquisition by China’s Cosco Shipping and SIPG

Taiwan’s OOCL and its parent company, Orient Overseas (International) Ltd (OOIL), clocked a net profit of USD 138 Mln after a loss of USD 219 Mln in 2016. OOIL disclosed its annual results ahead of the USD 6-bn takeover of the carrier by Chinese state-owned Cosco Shipping and Shanghai International Port Group (SIPG). Read More