• ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,433.470
    55.400
    0.4%
  • OTLT.USA
    2.727
    -0.016
    -0.6%
  • OTRI.USA
    20.850
    0.030
    0.1%
  • OTVI.USA
    15,408.360
    58.320
    0.4%
  • TSTOPVRPM.ATLPHL
    3.280
    -0.020
    -0.6%
  • TSTOPVRPM.CHIATL
    3.190
    0.050
    1.6%
  • TSTOPVRPM.DALLAX
    1.560
    -0.030
    -1.9%
  • TSTOPVRPM.LAXDAL
    3.420
    0.090
    2.7%
  • TSTOPVRPM.PHLCHI
    2.220
    0.050
    2.3%
  • TSTOPVRPM.LAXSEA
    4.080
    0.000
    0%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

OOCL sees revenue, volume gains in 3rd-quarter

OOCL sees revenue, volume gains in 3rd-quarter

   Hong Kong’s Orient Overseas (International) Ltd. reported third quarter revenue and box volume gains at it ocean carrier subsidiary OOCL.

   OOCL posted a 6 percent quarterly increase in revenue at $1.12 billion from $1.06 billion a year ago. Average revenue per TEU decreased 5.2 percent as the carrier’s global volumes increased 11.8 percent to 1 million TEUs. Loadable capacity in the quarter jumped 12.2 percent as scheduled newbuildings were delivered and deployed, OOIL said.

   The biggest gain in revenue came from the transatlantic market with a 18.7 percent rise to $145.3 million, despite only a 5.7 percent increase in box volumes to 84,680 TEUs.

   Revenue from the transpacific, OOCL’s most profitable market, only improved 2.1 percent in the third quarter to $491.6 million with volumes rising 18.7 percent to 319,016 TEUs.

   Revenue from OOCL’s services in the Asia/Europe trade rose 12.5 percent to $229.3 million after the carrier’s biggest volume gain of 31.6 percent to 183,779 TEUs.

   Intra-Asia and Australasia revenues improved 1.8 percent to $254.8 million following a volume increase of 8.3 percent to 380,760 TEUs.

   For the year to date, OOCL’s revenue is up 4.7 percent to $3.15 billion from $3 billion in the same period last year. OOCL has so far transported 2.86 million TEUs, up 9 percent on the 2.62 million TEUs handled in the first nine months of 2004.

   OOIL said OOCL’s overall load factor after nine months was down 1.3 percent with a 10.7 percent increase in loadable capacity. Overall average revenue per TEU for the year to date has dropped 3.9 percent, OOIL said.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.