OOCL reports a 21.5% rise in transpacific liftings in Q2 2026, reversing earlier declines and boosting overall revenues.
Orient Overseas Container Line (OOCL) reported a sharp recovery in its transpacific liftings in the second quarter of 2026, reversing earlier declines, reports UK's Seatrade Maritime News.
OOCL stated that volumes on transpacific routes rose by 21.5 per cent to 608,979 TEU compared with the same period last year. This rebound follows a 5.9 per cent fall in the first quarter, bringing first half liftings up by 7.1 per cent to 1.13 million TEU.
The Hong Kong-listed carrier attributed last year's weaker transpacific revenues to intense competition and volatile tariff changes that reduced US imports. However, tariff conditions have been more stable in 2026.
Across all trades, OOCL liftings rose by 5.2 per cent in the first quarter to 1.94 million TEU. Transatlantic volumes remained flat, edging up by 0.3 per cent to 284,377 TEU in the first half.
First half revenues across all services increased by 5.5 per cent to US$4.68 billion. Transatlantic revenues fell by 2.7 per cent to US$354.5 million, marking the only trade to decline.
In the second quarter, overall revenues rose by 19.8 per cent to US$2.54 billion. By route, transpacific revenues climbed by 29.3 per cent, Asia-Europe by 17.6 per cent, and intra-Asia/Australasia by 16.8 per cent, while transatlantic revenues fell by 1.3 per cent.
OOCL noted that loadable capacity rose by 6.3 per cent in the second quarter, with average liner revenue per TEU increasing by 10.1 per cent year-on-year. For the first half, average liner revenue per TEU increased by 0.2 per cent.
