Hong Kong’s Orient Overseas International Ltd (OOIL) said that impending US port fees that would be imposed on Chinese operators from 14 October, would affect its earnings, while overcapacity and new market entrants present more challenges.
The COSCO unit, operating as OOCL, made this forecast in announcing its H1 2025 results, in which net profit was up 15% year-on-year, to US$955.1 million, while revenue increased by 5% to US$4.9 billion.
The higher profit was attributed to front-loading early in the year, as shippers rushed to beat the Trump administration’s implementation of tariffs on Chinese imports; the tariffs have been paused until 10 November.
OOIL said the tariffs and trade tensions were “key factors influencing market developments” during H1 2025.
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