OOCL sees high Asia-Europe volumes on good revenue in Q1

The series of six 21,000 teu container ships was specifically aimed at the trade and OOCL has also done well to not only increase liftings but also raise revenue by an even higher rate, with turnover rising 24% to $281.3m.

The transpacific segment saw a 16% rise in liftings to 457,461 teu. Revenue growth also outpaced liftings here, rising by almost a fifth to $529m, and making this the top revenue earning trade for OOCL.

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Overall volumes rose 8% to 1.58m teu. Loadable capacity spiked 16% but a sharp focus on maintaining revenue saw overall load factor fall 6.4 percentage points as total revenue rose 16% to $1.38bn and average revenue per teu rose 8% compared to the previous corresponding period.

In another key segment, Intra-Asia, OOCL saw volume drop 1% to 716,390 teu but revenue jump 13% to $447.3m.