OOIL reported 4Q 2022 top line breakdown after Hong Kong market close yesterday
(11 Feb). 4Q revenue was down by 37% QoQ and 35% YoY, driven by lower freight
rates. Most of the routes, except for Transatlantic, were hit similarly and the
fall in average freight rates was broadly in line with the fall in CCFI.
OOIL only reports full set results semi-annually. On the $2.2bn or 21% HoH fall
in revenue, OOIL's 2H 2022 net profit may also fall about $2bn or 38% HoH. OOIL
usually reports past year's