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OOCL Q4 container volumes 2.6% lower

OOCL Q4 container volumes 2.6% lower
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.

The Hong Kong line was best able to capitalise on the Asia-Europe trade, with volume on this lane rising 12.1% to 247,014 teu in the fourth quarter and 16.1% to 979,659 teu for the full-year.

Fourth quarter total revenue fell slightly by 0.2% to $1.4bn, while for the full-year revenue rose 3.5% to $5.8bn. Although loadable capacity decreased by 1.3% in the fourth quarter, overall load factor was 1.0% lower than the corresponding period in 2013. Over the full-year however loadable capacity increased by 1.4% and overall load factor also rose by 3.0% over the year before.

Overall average revenue per teu increased by 2.5% compared to the fourth quarter of 2013, while for the full-year, overall average revenue per teu decreased by 1.9% compared to the same period last year.