Third quarter total revenues rose 26.5% to $1.45bn, while loadable capacity increased by 9.0% as more of its megavessels came online.
Although the overall load factor was 3.0% lower than the previous corresponding period, improvements were made on the financial performance as overall average revenue per teu jumped by a fifth.
The biggest gains came in the Asia-Europe trade as volume rose by a quarter to 297,897 teu along with a 58% rise in revenue to $305.7m.
Transpacific meanwhile remains the biggest revenue driver and a key volume contributor, keeping the whole show running with a 14% rise in volumes to 474,794 teu, the second highest segment by volume, as revenue rose by a third to $563.6m.
The intra-Asia trade continues to come up well, comprising the highest volumes at 715,693 teu. While this was a a7% drop from the previous period, it came with a healthy 13% rise in revenue to $456.7m in this notoriously competitive sector.
For the year-to-date, total volumes increased by 6.2% to 4.68m teu and and total revenues rose 19.0% to 4.04m teu.
During the same period, loadable capacity increased by 6.6% and the overall load factor slide 0.3% but overall average revenue per teu increased by 12.1% compared to the same period in the year before.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
