OOIL Pours Hope onto Industry Sales Recovery Expectations — Panjiva
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OOIL Pours Hope onto Industry Sales Recovery Expectations

Corp - Shipping 1025 Earnings 759 Logistics 476 Mode - Containerized 1523 Mode - Seaborne 1845

Containerline Orient Overseas reported third quarter sales that fell 14% on a year earlier, but included a 5% increase in volumes handled. A 14% jump in Pacific route volumes suggests it gained cargoes from from Hanjin Shipping’s disruption. Panjiva analysis shows third quarter revenues were 1% above the second quarter. This was a better result than Panalpina and K+N, and provides evidence that hopes of industry revenue growth in the third quarter are valid.

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