OOCLÆs volumes, rates fall
Orient Overseas Container Line reported first quarter revenue of $954 million, 31 percent less than $1.39 billion in the same period in 2008.
In releasing the quarterly operational update for OOCL for the period ending March 31, parent Orient Overseas (International) Ltd. said the container carrier saw container liftings of 978,162 TEUs, down 15.6 percent from the same period last year.
The company also said that average revenue per TEU decreased 18.5 percent compared with the same period last year.
OOCL’s volumes, rates fall
