OOIL posts losses and appoints new management
A $10.3m net loss comes with a 26% jump in bunker costs and a 0.6% decline in revenue per teu in the second quarter of 2018. Meanwhile, a group of Cosco Shipping executives, led by chairman Xu Lirong, have joined OOIL’s board
OOIL and Cosco will adhere to ‘Trust Together’ concept to drive synergies, says Xu
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