OOCL Q2 volumes up 5% to 1.7m teu

Loadable capacity increased by 4.7% while overall load factor remained on par with the same period in 2017.

For the first half total volumes increased by 6.0% to 3.27m teu and total revenues recorded a 9.6% growth to $2.84bn. Loadable capacity increased by 9.9% although overall load factor was 3.1% lower, suggesting a slow start to the year.

For the first six months of the year however, overall average revenue per teu increased by 3.5% compared to the same period last year.

For the second quarter the biggest volume gains were made in the Asia-Europe trade, which rose 13.5% to 335,094 teu. This was at the cost of lower rates however, since revenue in the same period only rose 1.3% to $302.6m.

The transpacific trade seemed to achieve the best performance with volumes rising 7.2% to 505,712 teu while revenue rose 11.2% to  $587.2m.