OOIL's fourth-quarter rates reached the lowest point of the year in most of its main markets, including transpacific, Asia-Europe and intra-Asia trade lanes, which account for more than 80 per cent of its total shipping revenue. Photo: Bloomberg

OOIL earnings tipped lower on oversupply, freight rates fall

OOIL's fourth-quarter rates reached the lowest point of the year in most of its main markets, including transpacific, Asia-Europe and intra-Asia trade lanes, which account for more than 80 per cent of its total shipping revenue. Photo: Bloomberg
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