Container shipper Orient Overseas (International) Ltd (OOIL) said its shipping schedules to and from Japan have been affected by Friday's massive earthquake, and the company has temporarily shut its offices in Tokyo, reported Dow Jones Newswires.
The Hong Kong-listed company, which is controlled by the family of former Hong Kong chief executive Tung Chee-hwa, said around 10 percent of its annual shipping volume passes through Japan, but it expects only minimal impact on its operations as a result of the quake.
Orient Overseas chief financial officer Ken Cambie told reporters the company would write off 500 empty container boxes located in Sendai that are currently unaccounted for.
The company said it swung to a 2010 net profit because of a disposal gain and improved freight rates. Net profit for the year totaled US$1.87 billion, compared with a net loss of $402.3 million in 2009.
The Hong Kong-listed company, which is controlled by the family of former Hong Kong chief executive Tung Chee-hwa, said around 10 percent of its annual shipping volume passes through Japan, but it expects only minimal impact on its operations as a result of the quake.
Orient Overseas chief financial officer Ken Cambie told reporters the company would write off 500 empty container boxes located in Sendai that are currently unaccounted for.
The company said it swung to a 2010 net profit because of a disposal gain and improved freight rates. Net profit for the year totaled US$1.87 billion, compared with a net loss of $402.3 million in 2009.