News Content
OOCL's Asia-Europe revenue falls 28pc as volume drops 12pc
HONG KONG's Orient Overseas Container Line (OOCL) posted a 28 per cent decline in second quarter year-on-year revenue to US$291.5 million on the Asia Europe route as well as a 12 per cent fall in volume to 224,004 TEU.
First half volume was 3.4 per cent down year on year to 464,335 TEU, generating revenue of $496.3 million, down 15.6 per cent, the carrier told the Hong Kong stock exchange in a regular filing.
The board of parent company Orient Overseas (International) Limited (OOIL) has adopted a policy of announcing unaudited operational updates for (OOCL) on a quarterly basis.
OOCL's overall traffic declined 2.1 per cent in the second quarter to 1.42 million TEU while revenue fell 9.3 per cent to $1.36 billion.
Intra-Asia/Australasia was the only region to post an increase, with volume rising 2.6 per cent to 780,851 TEU, but revenue fell 6.4 per cent to $502.7 million.
Transpacific volume 3.6 per cent to 324,883 TEU while revenue fell three per cent to $490.9 million.
Transatlantic volume decreased by eight per cent to 92,670 TEU with revenue off 3.2 per cent to $149.4 million.
First half volume was 3.4 per cent down year on year to 464,335 TEU, generating revenue of $496.3 million, down 15.6 per cent, the carrier told the Hong Kong stock exchange in a regular filing.
The board of parent company Orient Overseas (International) Limited (OOIL) has adopted a policy of announcing unaudited operational updates for (OOCL) on a quarterly basis.
OOCL's overall traffic declined 2.1 per cent in the second quarter to 1.42 million TEU while revenue fell 9.3 per cent to $1.36 billion.
Intra-Asia/Australasia was the only region to post an increase, with volume rising 2.6 per cent to 780,851 TEU, but revenue fell 6.4 per cent to $502.7 million.
Transpacific volume 3.6 per cent to 324,883 TEU while revenue fell three per cent to $490.9 million.
Transatlantic volume decreased by eight per cent to 92,670 TEU with revenue off 3.2 per cent to $149.4 million.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
