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OOCL revenues up 10% in Q4, volumes increase 20%OOCL revenues up 10% in Q4, volumes increase 20%

Orient Overseas Container Line (OOCL) reported a 10% increase revenues, and a 20% jump in volumes in the fourth quarter of 2016, but revenue per teu was down 8.2%.

Marcus Hand, Editor

January 27, 2017

1 Min Read
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The subject of recent merger speculation, OOCL, reported revenues of $1.3bn for Q4 2016 some 10.3% higher than the $1.18bn in the same quarter in 2015. However, for 2016 as a whole revenues were down 9.9% at $4.7bn in 2016 against $5.2bn in the previous year.

For Q4 2016 volumes for OOCL were up 20.2% at 1.67m teu compared to 1.39m teu a year earlier. For the year as whole volumes were 6.08m teu in 2016 up some 9.1% on the 5.57m teu in the preceding.

But when it comes to average revenue per the state of the container market in 2016 really becomes clear. Overall average revenue per teu declined 8.2% in the fourth quarter of last year against the corresponding quarter in 2015. For the year as whole revenues were down 17.4% in 2016 on the previous year.

OOCL ceo Andy Tung will be speaking at the Sea Asia 2017 Global Forum on 25 April

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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