company OOILthe parent company of the shipping company OOCL announced this week the publication of the company’s financial results for 2022, in which it appears that the company reached a net profit of $9.96 billion, compared to a net profit of $7.12 billion in 2021. The company reports that revenues were $19.82 billion compared to $16.8 billion in 2021.
The company stated that “in last year’s annual report, we wrote that our results for 2021, which include the highest ever revenue, growth and profit figures for our core container shipping and logistics businesses, even exceeded the outstanding result for 2020. At this point, we could not Expect the results for 2022 to break new records again. The earnings and cash flow generated by the 2022 results put us in a very strong position to fund not only our ongoing plan of measured and smart growth, but also to fund our ongoing investment in information technology and the digitization of our industry. Moreover, they further enhance our strong balance sheet, which is strong enough to allow us to meet the challenges of cyclical markets, and also to allow us to provide attractive returns to shareholders.’
The company reports that it moved 7.1 million not During 2022 – a decrease of about 450 thousand not Compared to the 2021 data.
The company stated that “for a significant part of the first half of the year, the container shipping market suffered under the same conditions it endured for the previous 18 months, when effective supply levels are under enormous pressure at the same time as demand continues to grow, albeit in moderation.”
The company mentioned that during the last month it received the first ship built for the group since 2018. “This mega ship with a volume of 24,188 notGod-OOCL Spain and the 28 vessels to follow over the next 5 years represent the next phase of our long-term plan of measured and smart growth. Seven of the vessels still under construction will be dual-fuel methanol vessels, which puts us at the forefront of environmental advancements in shipping, and is a clear demonstration of our commitment to carbon reduction. Our significant new construction program is a clear indication of group intent COSCO SHIPPINGThat-OOIL It is an inseparable part of it, to be a leading player at the top of the industry, and also to the entire group’s commitment to its successful dual brand.’