OOCL Marks Positive Start To The Year With 5.9% Increase In Revenue

The Board of Directors (the “Board”) of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis.

Wilhelmshaven_OOCL_Ocean_Alliance
Image Credits: eurogate.de

This announcement sets out the unaudited operational update for OOCL for the first quarter of 2019 (ended 31st March 2019). The comparative figures for the first quarter of 2018 (ended 31st March 2018) are also disclosed in this announcement.

OOCL Q1 revenue results
Image Credits: oocl.com

For the first quarter of 2019 (ended 31st March 2019), total volumes were 1.6% up from the same period last year. Total revenues increased by 5.9% to US Dollars 1,460.1 million. Loadable capacity increased by 2.3%. The overall load factor was 0.5% lower than the same period in 2018. Overall average revenue per teu increased by 4.2% compared to the first quarter of last year.

Reference: oocl.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Subscribe To Our Newsletters

By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.

Web Stories

Leave a Reply

Your email address will not be published. Required fields are marked *