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OOCL Q1 volumes up 7%OOCL Q1 volumes up 7%

Hong Kong's Orient Overseas Container Lines (OOCL) saw first quarter total volumes rise 7.0% rise to 1.47m teu from 1.37m teu in the same period last year.

Vincent Wee, Hong Kong and South East Asia Correspondent

May 2, 2017

1 Min Read
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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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About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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