OOCL 2010 revenue up 46%
Liner carrier OOCL said last week in an operational update that its fourth quarter revenue grew 41.9 percent to $1.5 billion, compared to the same period in 2009.
That growth was slightly lower than the container line's revenue growth for the whole of 2010, which was 46.1 percent (to $5.6 billion). OOCL said it handled 4.8 million TEUs in 2010, volume growth of 14.6 percent compared to 2009. In the fourth quarter, volume rose 18.9 percent to 1.3 million TEUs.
Much of the volume growth in the last quarter came from the Asia/Europe trade, where volume spiked 23.3 percent, to 215,725 TEUs, but especially on the intra-Asia and Australasia trades, where fourth quarter volume rose 28.3 percent, to 673,602 TEUs. For the year, those trades also led in volume and revenue gains. The Asia/Europe trade saw 86 percent growth in revenue, to $1.3 billion.
OOCL didn't release profit figures.