OOCL volume, revenue up, but transpacific lags

OOCL volume, revenue up, but transpacific lags    Hong Kong-based container line OOCL said last week its first quarter revenue grew 18.9 percent to $1.1 billion, aided by huge gains in the Asia/Europe and intra-Asia trades.
   Revenue grew 85.2 percent on the Asia/Europe lane to $277 million, and 30.9 percent in intra-Asia and Australasia to $344 million. Those healthy gains offset revenue losses on the transpacific, where revenue fell 6.4 percent to $384 million.
   Volume for the carrier was up 7.2 percent in the first quarter to 1 million TEUs, with intra-Asia volume up 13.6 percent, Asia/Europe volume up 10.3 percent, but transpacific volume down 3.3 percent.