OOCL 1st quarter volume, revenue rise

OOCL 1st quarter volume, revenue rise    Hong Kong-based liner carrier OOCL said in an operational update this week that its first quarter revenue rose 17.2 percent to $1.3 billion.
   The line's volumes rose 12.6 percent to nearly 1.2 million TEUs, while loadable capacity increased 16.8 percent, causing OOCL's load factor to dip 2.9 percent. The biggest gain in volume came in the intra-Asia and Australasia trades, where volume was up 17.1 percent to 597,233 TEUs.
   Revenue increased 22 percent to 23 percent in all trades save for Asia/Europe, where low rates meant OOCL netted only 0.2 percent more than in the first quarter of 2010.
   The line said overall revenue per TEU increased 4.2 percent.