OOCL first quarter volume declines 0.3pc as revenues increase 3.6pc
HONG KONG's Orient Overseas Container Line (OOCL) posted a year-on-year 3.6 per cent increase in first quarter revenue to US$1.36 billion despite a 0.3 per cent decline in total container volume to 1.24 million TEU.
The first quarter's loadable capacity was up 2.9 per cent, but the overall load factor was 2.3 per cent lower than the same period in 2012, said the company statement, adding that overall average revenue per TEU rose 3.9 per cent.
In the January-March period, the carrier handled more volume in the transpacific, Asia-Europe and intra-Asia/Australasia trades year on year.
OOCL's volumes of transpacific trade in the first quarter were up 0.5 per cent to 308,149 TEU, drawn on 5.7 per cent rise in revenues to $478.6 million.
Volumes of Asia-Europe route rose 2.1 per cent to 206,759 TEU, while the relative revenues saw a 19.8 per cent increase to $262.5 million. Both volumes and revenues of the intra-Asia/Australasia services increased 0.5 per cent to 631,416 TEU and $473.6 million.
But the carrier's transatlantic trade in the first quarter suffered a double-digit shrinkage of 11.5 per cent to 95,130 TEU compared to the same period of 2012, while revenues contracted more by 14.1 per cent to $149.7 million.
HONG KONG's Orient Overseas Container Line (OOCL) posted a year-on-year 3.6 per cent increase in first quarter revenue to US$1.36 billion despite a 0.3 per cent decline in total container volume to 1.24 million TEU.
The first quarter's loadable capacity was up 2.9 per cent, but the overall load factor was 2.3 per cent lower than the same period in 2012, said the company statement, adding that overall average revenue per TEU rose 3.9 per cent.
In the January-March period, the carrier handled more volume in the transpacific, Asia-Europe and intra-Asia/Australasia trades year on year.
OOCL's volumes of transpacific trade in the first quarter were up 0.5 per cent to 308,149 TEU, drawn on 5.7 per cent rise in revenues to $478.6 million.
Volumes of Asia-Europe route rose 2.1 per cent to 206,759 TEU, while the relative revenues saw a 19.8 per cent increase to $262.5 million. Both volumes and revenues of the intra-Asia/Australasia services increased 0.5 per cent to 631,416 TEU and $473.6 million.
But the carrier's transatlantic trade in the first quarter suffered a double-digit shrinkage of 11.5 per cent to 95,130 TEU compared to the same period of 2012, while revenues contracted more by 14.1 per cent to $149.7 million.