Orient Overseas International Ltd. (OOIL), parent of OOCL, has reported a loss[ds_preview] of 56.7mill. $ for the six-month period ended 30th June 2016, compared with a profit of 238.6mill. $ for the same period in 2015. OOCL liner liftings increased by 5% and load factor by 1%, but revenue dropped by 17% to 2.25 bn $. Average revenue levels in some trade lanes reached new post-Global Financial Crisis lows, with an average revenue per TEU drop of 21%.
