OOCL sees year-on-year growth for Q2
The Board of Directors of Orient Overseas (International) Limited on Friday announced the unaudited operational updates for Orient Overseas Container Line (OOCL) for the second quarter of 2019 (ended 30th June 2019). The comparative figures for the second quarter of 2018 (ended 30th June 2018) are also disclosed in this announcement.
For the second quarter of 2019 (ended 30th June 2019), total volumes were 4.6% up from the same period last year. Total revenues increased by 7.1% to US Dollars 1,566.4 million. Loadable capacity increased by 6.4%. The overall load factor was 1.4% lower than the same period in 2018. Overall average revenue per teu increased by 2.4% compared to the second quarter of last year.
For the first six months of 2019 (ended 30th June 2019), total volumes increased by 3.2% over the same period last year and total revenues recorded a 6.5% growth. Loadable capacity increased by 4.3%. The overall load factor was 0.9% lower than the same period in 2018. Overall average revenue per teu increased by 3.3% compared to the same period last year.
