OOCL's Container Volume Rose 3.7 Percent in 2012Created by HButler on 1/30/2013 3:16:31 PM
Orient Overseas (International), the parent of Hong Kong-based container line OOCL, reported the carrier's total volume in the fourth quarter of 2012 was down 0.7 percent compared to the same period last year.
Quarterly revenue increased 5.6 percent year-over-year to $1.4 billion. With a rise in loadable capacity of 5.7 percent, the overall load factor was 4.6 percent lower than the same period in 2011. Overall revenue per 20-foot-equivalent unit improved 6.4 percent.
For the full year of 2012, total volume rose 3.7 percent and total revenue increased 6.7 percent. Loadable capacity increased by 7.6 percent and the overall load factor was 2.8 percent lower. Overall average revenue per TEU rose 2.9 percent year-over-year.
- The Journal of Commerce.