Hong Kong's Orient Overseas Container Line (OOCL) has posted a 3.4 per cent year-on-year third quarter increase in volume to 1.36 million TEU, which produced a 10.9 per cent rise in quarterly revenue to US$1.6 billion, according to the Shipping Gazette.
Loadable capacity was up 5.3 per cent from July-September period year on year, but the overall load factor was 1.3 per cent lower and revenue per TEU increased 7.2 per cent.
Except for transatlantic trade, where revenue fell six per cent to $165 million, other segments posted improvements. OOCL's transpacific trade, its largest income source, recorded an 11.2 per cent quarterly increase in revenue to $540 million year on year while Asia-Europe revenues soared 25.3 per cent to $341 million while intra-Asia sales went up 8.6 per cent to $551 million.
In the third quarter, OOCL's transpacific volume was 324,947 TEU, up 3.2 per cent from 314,916 TEU in the same period last year. And its Asia-Europe volume from July to September was 242,351 TEU, up 4.7 per cent from 231,505 TEU one year ago.
On the contrary, the transatlantic volume saw a 1.3 per cent drop to 102,075 TEU in the third quarter from 103,436 TEU in the same period last year. The intra-Asia-Australasia volume was up 3.9 per cent to 691,497 TEU in the third quarter compared to 665,639 TEU in the corresponding period last year.
From January to September, the total volumes rose 5.1 per cent and revenues grew seven per cent year on year. Loadable capacity was up 8.2 per cent, while the overall load factor was 2.2 per cent lower than the same period last year. Overall revenue per TEU increased 1.7 per cent year on year.
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