Orient Overseas Reports 8% Decline In Q3 Revenue

Orient Overseas (International) Ltd. OROVY reported an 8% decline in its third-quarter revenue. Orient Overseas' revenue for the three months ended September 30 dropped to US$1.44 billion, from US$1.57 billion. Its total shipping volume gained 7% to 1.32 million TEUs, versus 1.23 million TEUs.