Orient Overseas Tough 4Q May Have Beaten Its Peers — Panjiva
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Orient Overseas Tough 4Q May Have Beaten Its Peers

Corp - Shipping 973 Earnings 724 Global 1389 Mode - Containerized 1465 Mode - Seaborne 1798

Orient Overseas has provided a first look at the 4Q operational performance of the container shipping sector. The COSCO-owned liner reported a 4.8% year over year rise in volumes handled globally despite a 1.1% contraction in Trans-Pacific shipping. Notably achieved shipping rates fell by just 2.4% versus the 18.1% slide for the industry overall as shown by S&P Global Platts data. Container shipping rates globally have improved in January, though that’s in part down to higher fuel prices. Orient Overseas has outperformed the industry more broadly on U.S.-inbound routes. Panjiva’s data sh...

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