Hong Kong's Orient Overseas Container Line (OOCL), fresh from good 2014 results and despite having taken full delivery of its biggest 13,208-teu mega class ships last year is not immune from the megabox ship trend and has not ruled out new orders in the upsized 18,000-teu bracket.
Orient Overseas Container Line (OOCL) reported 2.6% lower total volume of 1.36m teu for the fourth quarter while for full-year 2014 the corresponding figure rose 5.5% to 5.59m teu from 5.29m previously, the company said in a stock market announcement.
Orient Overseas Container Line (OOCL) has recorded higher lifting volumes in the third quarter ended 30 September 2014, boosted by strong contributions from the Asia-Europe trade.
Proving that not all Asian container lines are doing badly, Hong Kong-based Overseas Orient (International) Ltd, the parent of Orient Overseas Container Line (OOCL) turned spectacularly to a net profit of $181.3m from a loss of $15.3m in the previous corresponding period.
Hong Kong line Orient Overseas Container Line (OOCL) had a good second quarter with total volumes rising 11.2% to 1.45m teu from 1.31m teu previously. Total revenues also increased by 6.8% to $1.50bn from $1.41bn in the second quarter of last year.
The G6 Alliance members have released the proposed port rotations for the expansion of Asia-North America West Coast and Trans-Atlantic services.