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OOIL box volume up 6.2pc as revenue rises 19pc in first 9 months of 2017
HONG KONG's Orient Overseas (International) Limited (OOIL), parent of its container carrier, Orient Overseas Container Line, posted a 6.2 per cent year-on-year increase in container volume in the first nine months of the year as well as a 19 per cent increase in revenue.
Quarterly revenue per box increased 20.6 per cent year on year, said the filing to the Hong Kong stock exchange from the company, which is to become a unit of China's Cosco Shipping.
For the third quarter of 2017, box volumes were up five per cent year on year while revenues increased 26.5 per cent to US$1.45 billion.
Loadable capacity increased nine per cent. The overall load factor was three per cent lower than the same period in 2016.
Quarterly revenue per box increased 20.6 per cent year on year, said the filing to the Hong Kong stock exchange from the company, which is to become a unit of China's Cosco Shipping.
For the third quarter of 2017, box volumes were up five per cent year on year while revenues increased 26.5 per cent to US$1.45 billion.
Loadable capacity increased nine per cent. The overall load factor was three per cent lower than the same period in 2016.
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