OOIL's 1Q 2023 shipping top line and breakdowns came out after Asian market on
Thursday (6 Apr), being the first container liner to provide 1Q 2023 top line
report.
Revenue dropped 31% QoQ on average freight rate fall, which is in line with
CCFI's 33% fall during the same period. Overall 1Q 2023 volume was flat QoQ.
Transpacific volume being up 11% QoQ suggested OOCL, the shipping liner of
OOIL, may have gained market share during past quarter as the US import from
Asia was down during 1Q 202