HONG KONG: Orient Overseas Container Lines (OOCL) saw second quarter total volumes rise 4.6% to 1.69 mn TEUs from 1.62 mn TEUs in the same period in 2017 and the volume gains were also able to be translated into good gains with total revenues increasing by 4.0% to $1.46bn.
Loadable capacity increased by 4.7% while overall load factor remained on par with the same period in 2017.
For the first half total volumes increased by 6.0% to 3.27mn TEUs and total revenues recorded a 9.6% growth to $2.84bn. Loadable capacity increased by 9.9% although overall load factor was 3.1% lower, suggesting a slow start to the year.
For the first six months of the year however, overall average revenue per TEUs increased by 3.5% compared to the same period last year.
For the second quarter the biggest volume gains were made in the Asia-Europe trade, which rose 13.5% to 335,094 TEUs. This was at the cost of lower rates however, since revenue in the same period only rose 1.3% to $302.6m.
The transpacific trade seemed to achieve the best performance with volumes rising 7.2% to 505,712 TEUs while revenue rose 11.2% to $587.2 mn.