Hong Kong's Orient Overseas (International) Ltd (OOIL) has reported that the global shipping group lifted during the first quarter of 2008 a total of 1.16 million TEU, up 11.7 per cent compared with the same period last year.
Total unaudited revenues during the reporting period increased by 27.9 per cent to US$1.39 billion.
The overall load factor was 2.6 per cent down from the first three months of last year amid a 15.4 per cent increase in loadable capacity as scheduled newbuildings were delivered and deployed, a company statement said.
Average revenue per TEU increased by 14.5 per cent compared with the same period last year.
The group's container shipping arm, OOCL, saw the highest revenue gain during the first quarter of the year on the Asia/Europe trade routes, generating US$343.5 million, an increase of 39.9 per cent over the same quarter last year, in spite of a slight drop in the volume of containers transported at 191,904 TEU.
The second largest revenue gain was seen on the Intra-Asia/Australasia trades which recorded 34.3 per cent growth at $378.23 million, after carrying 538,036 TEU, up 16.1 per cent year on year.
First quarter revenue from the transpacific trade was up 19.6 per cent at $496.6 million on the back of a 12.4 per cent increase in volumes carried to reach 329,496 TEU.
Finally, the transatlantic trade generated revenues of $168.95 million, up 19.1 per cent year on year, and the volume of boxes transported rose by 11.5 per cent to 99,713 TEU.
For the whole of 2007, OOCL's revenue amounted to $5.15 billion, up 21.1 per cent over 2006 after moving 4.60 million TEU, up 18.2 per cent.
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