OOCL reported its 2Q operational update on 15 July. OOIL 2Q 2024 total revenue
recorded 14% YoY and QoQ gains compared to the Taiwanese’s 47% YoY and 20% QoQ
growth. Relative to the Taiwanese liners, OOIL has much higher mix in short haul
Intra-Asia, Oceania and Transatlantic trades, which have not seen the same
quantum of freight rates hike compared to the long-haul trades during 2Q 2024.