Total revenues rose by 6.4% to $1.19bn from $1.11bn previously, as both loadable capacity and load factor rose. The former increased by 0.9% and the overall load factor was 5.0% higher than the same period in 2016, OOCL said in a press release.
Overall average revenue per teu however decreased by 0.6% compared to the first quarter of last year.
Both transpacific and Asia-Europe volumes and revenues recovered strongly, rising 20% and 18% and 11% and 29% respectively.
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