HONG KONG's Orient Overseas Container Line (OCCL) posted a 3.2 per cent first quarter year-on-year decline in revenue to US$1.34 billion, as well as a 2.5 per cent fall in container throughput to 1.31 million TEU.
The only increase in container volume was a six per cent rise on the Asia Europe route, while transpacific posted a 5.5 per cent decline. Transatlantic volume was down seven per cent and intra-Asia / Australasia was off 3.3 per cent.
Revenues fell on all trade lanes during the first three months, with the declines of 2.2 per cent to $459 million on the transpacific, 1.9 per cent to $276.8 million on the Asia-Europe route, 4.8 per cent $136.6 million on the transatlantic and 4.4 per cent to $471.8 million in the intra-Asia / Australasia trade.
"With a decrease of 1.6 per cent in loadable capacity, the over all load factor was 0.7 per cent than the same period in 2014. Overall average revenue per TEU decreased by 0.7 per cent compared to the first quarter of last year," said the filing to the Hong Kong stock exchange.
MARKETS
26 April 2015 - 18:15
OOCL posts 3.2pc quarterly revenue decline as box volume slips 2.5pc
HONG KONG's Orient Overseas Container Line (OCCL) posted a 3.2 per cent first quarter year-on-year decline in revenue to US$1.34 billion, as well as a 2.5 per cent fall in container throughput to 1.31 million TEU.
MARKETS
26 April 2015 - 18:15
OOCL posts 3.2pc quarterly revenue decline as box volume slips 2.5pc
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