Orient Overseas (International) Ltd said its shipping unit Orient Overseas Container Line (OOCL) achieved revenue of 1.64 bln usd in the third quarter to September, up 15.6 pct from a year earlier. Total shipping volumes were up 5.9 pct year-on-year, it said, without giving actual figures. Average revenue per twenty-foot equivalent unit (TEU) was up 9.2 pct over the year-earlier period. For the first nine months of 2008, total revenue jumped 21.3 pct while shipping volume increased by 8.2 pct over the same period last year, the company said.
Despite an increase of 8.8 pct in loadable capacity for the nine months, the overall load factor was maintained at a similar level to that in the corresponding period in 2007, it said.
The loadable capacity was up 1.9 pct in the third quarter.
Overall average revenue per TEU increased by 12.1 pct in the nine months.
Orient Overseas (International), which is controlled by former Hong Kong chief executive Tung Chee Hwa's family, is also involved in the property business.
Despite an increase of 8.8 pct in loadable capacity for the nine months, the overall load factor was maintained at a similar level to that in the corresponding period in 2007, it said.
The loadable capacity was up 1.9 pct in the third quarter.
Overall average revenue per TEU increased by 12.1 pct in the nine months.
Orient Overseas (International), which is controlled by former Hong Kong chief executive Tung Chee Hwa's family, is also involved in the property business.