31-10-2018

OOIL Q3 sales up 7pc to US$1.55 billion as per box revenue rises .01pc

HONG KONG's Orient Overseas (International) Ltd (OOIL), now a Cosco unit, and parent of Orient Overseas Container Line (OOCL), has posted a third quarter seven per cent year-on-year sales increase to US$1.55 billion with revenue per box rising 0.01 per cent.

Quarterly loadable capacity rose 3.9 per cent year on year while volumes increased 6.3 per cent in the first nine months with year-to-date sales rising 8.7 per cent with revenue per box up 2.3 per cent.

Quarterly trade lane volume was led by intra-Asia, up 6.6 per cent to 762,851 TEU while year-to-date volume increased 1.9 per cent to 4,982,310 TEU. Quarterly intra-Asia sales were up 2.3 per cent to $467.2 million while year-to-date revenue was up 4.3 per cent to $1.3 billion.

Next to lead the quarterly trade lane volume was the transpacific, up 7.3 per cent to 509,436 TEU while year-to-date volume increased 9.9 per cent to 1,472,609 TEU. Quarterly transpacific sales were up 15.5 per cent to $650,985 million while year-to-date revenue was up 15.1 per cent to $1.53 billion.

Next to top the quarterly trade lane volumes was Asia-Europe, up 10.4 per cent to 109,121 TEU while year-to-date volume increased 14.5 per cent to 966,559 TEU. Quarterly Asia-Europe sales were down 0.1 per cent to $305.3 million while year-to-date revenue was up 6.9 per cent to $1.36 billion.

Trailing was quarterly trade lane volume on the transatlantic, up 3.8 per cent to 132,215 TEU while year-to-date volume was down 0.7 per cent to 318,293 TEU. Quarterly transatlantic sales were up 3.8 per cent to $127.3 million while year-to-date revenue rose 1.9 per cent to $1.3 billion.

Source: Schednet

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