Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAmericasOOCL Q1 box volumes down 2.5%

OOCL Q1 box volumes down 2.5%

OOCL Q1 box volumes down 2.5%
Hong Kong's Orient Overseas Container Line (OOCL) saw first quarter revenue fall 3.2% to $1.34bn from $1.39bn previously as total volumes also slipped 2.5% to 1.32m teu from 1.35m teu in the same period last year.

Loadable capacity decreased 1.6% and the overall load factor was 0.7% lower than the same period  in  2014. Overall  average  revenue  per  teu  also decreased  by  0.7%  compared  to  the  previous corresponding period.

Encouragingly, the Asia-Europe trade was the only lane that saw an improvement, with liftings rising 6% to 240,331 teu although revenue still fell 1.9% to $276.8m, suggesting rates are still weak. On other key lanes such as transpacific, liftings fell 5.5% to 291,424 teu and revenue fell 2.2% to $458.0m. On the intra-Asia/Australasia route, liftings fell 3.3% to 699,023 teu and revenue fell 4.4% to $471.9m.

TAGS: Asia Europe Containers Ports OOCL

 

Related
Joe Kramek and John Butler at WSC
Joe Kramek to replace retiring John Butler at WSC
Apr 18, 2024
Dali-NTSB.png
NTSB investigations in the spotlight with Dali bridge collision
Apr 17, 2024
Hapag-Lloyd the Antwerpen Express
Hapag-Lloyd and Seaspan to retrofit five vessels to methanol dual-fuel
Apr 17, 2024
Vessel transiting the Panama Canal
Panama Canal will progressively increase daily transits to 32
Apr 16, 2024