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PUBLISHER: The Load Star (www.theloadstar.com)

Third-quarter operational data from OOCL is the first hard evidence of huge profits made by ocean carriers during the period, which could oblige those that are stock market-listed to again upgrade their full-year outlook.

The COSCO subsidiary’s revenue soared 125% on Q2 20, to $4.3bn, despite a 7.2% decrease in its liftings, to 1,810,142 teu.

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