Volumes, revenues drop at OOCL in Q2

The Hong Kong-based ocean carrier said the Asia-Europe trade was hit particularly hard during second quarter 2015.    Orient Overseas (International) Ltd., the parent company of OOCL, said Friday the Hong Kong-based container liner company in the second quarter of 2015 had revenues of $1.36 billion, 9.3 percent less than the $1.5 billion recorded in the second quarter of 2014.
   In a quarterly operational update, the company said OOCL lifted 1.42 million TEUs in the second quarter this year, 2.1 percent fewer than the 1.45 million TEUs it carried in the same 2014 period.
   Volumes and revenues were particularly weak in the trade between Asia and Europe, according to the ocean carrier. Volumes dropped 11.8 percent to 224,004 TEUs in the trade, and Asia-Europe revenues fell 28 percent to $219.5 million.
On other trade lanes:

• Volumes were down 3.6 percent in the transpacific to 324,883 TEUs, and revenues were down 3 percent to $490.9 million.
• Volumes were down 8 percent in the transatlantic to 92,670 TEUs and revenues were down 3.2 percent to $149.4 million.
• Volumes were up 2.6 percent in the intra-Asia/Australasia trade to 780,851 TEUs, but revenues were down 6.4 percent to $502.7 million.