OOCL Revenue Slides in Q3
By Aiswarya Lakshmi
Friday, October 28, 2016
Orient Overseas Container Line's (OOCL) total revenues decreased by 13.8 percent to $1.15 billion, for the third quarter of 2016.
The shipper’s total volumes were up 5.2 percent from the same period last year. Loadable capacity increased by 0.7 percent. The overall load factor was 3.6 percent higher than the same period in 2015.
Overall average revenue per teu decreased by 18.1 percent compared to the third quarter of last year.
For the first nine months of 2016, OOCL’s total volumes increased by 5.4 percent over the same period last year and total revenues recorded a 15.8 percent drop.
Loadable capacity increased by 3.2 percent. The overall load factor was 1.7 percent higher than the same period in 2015. Overall average revenue per teu decreased by 20.1 percent compared to the same period last year.