OOIL's liner division to 'resist the headwinds of the pandemic'

Orient Overseas (International) Holding (OOIL) reported a 26% drop in profits but is restricting capacity to weather the coronavirus pandemic.

The Hong Kong-listed company saw profit fall to $102m for the six months ending 30 June, down from $139m in the same period last year.

But its container shipping division — OOCL — had reacted to "dire predictions of dramatically falling demand" by "calibrating services accordingly", the company said.