• ITVI.USA
    15,379.620
    -113.610
    -0.7%
  • OTLT.USA
    2.786
    -0.021
    -0.7%
  • OTRI.USA
    21.500
    -0.060
    -0.3%
  • OTVI.USA
    15,349.750
    -127.770
    -0.8%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,379.620
    -113.610
    -0.7%
  • OTLT.USA
    2.786
    -0.021
    -0.7%
  • OTRI.USA
    21.500
    -0.060
    -0.3%
  • OTVI.USA
    15,349.750
    -127.770
    -0.8%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

OOCL’s revenue, volume rising

OOCL’s revenue, volume rising

   Hong Kong’s Orient Overseas (International) Ltd. reported impressive third quarter revenue and volume gains in all trades, especially in the Asia/Europe route, made by ocean carrier subsidiary OOCL.

   OOCL posted a total 26.9 percent quarterly revenue increase to $1.42 billion from $1.12 billion in the same period a year ago. Average revenue per TEU across all trades increased 5.3 percent year-on-year with volume for the quarter up 20.5 percent to 1.20 million TEUs. OOCL’s overall load factor was down 5.9 percent from last year with a 29.7 percent increase in loadable capacity as new ships entered its fleet.

   The biggest quarterly gain in revenue came from the Asia/Europe market with a 51.3 percent rise to $346.8 million. This follows an 8 percent increase in box volumes for the three months to 198,469 TEUs.

   Revenue from the transpacific, OOCL’s biggest single market, rose 15.1 percent in the latest quarter to $565.9 million with volumes up 18.2 percent to 377,170 TEUs.

   Revenue from OOCL’s services in the transatlantic rose 5.7 percent to $153.6 million. Volume in that market in the third quarter grew 14.1 percent to 96,622 TEUs.

   Combined intra-Asia and Australasia revenues improved 39.7 percent to $356 million following a volume increase of 29.1 percent to 532,759 TEUs.

   For the year so far, OOCL’s revenue is up 19.1 percent to $3.74 billion with total volume up 19.4 percent to 3.41 million TEUs.

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