Container shipperOrient Overseas (International) Ltd. said Thursday it swung to a first-half net profit because of improved freight rates due to China’s rapid recovery from the global economic downturn, as well as one-off gains from an asset sale. Orient Overseas, which is controlled by the family of former Hong Kong Chief Executive Tung Chee-hwa, said robust demand for container shipping is continuing into the third quarter, and the company is considering raising freight rates on some key routes.
Green Marine
about 16 years ago
Orient Overseas Sails To Profit
Container shipperOrient Overseas (International) Ltd. said Thursday it swung to a first-half net profit because of improved freight rates due to China’s rapid recovery from the global economic downturn, as well as one-off gains from an asset sale. Orient Overseas, which is controlled by the family o
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