2012 July 16   14:09

OOIL posts Q1 results

Orient Overseas (International) Limited (OOIL) racked in higher revenues from larger container liftings in the first half of 2012, Seatrade Asia online reports.

In the first six months of 2012, OOIL lifted total volumes of 2.59m teu, up 6.1% compared to 2.44m teu in the same period of 2011.

Revenues as a result also improved to $2.88bn, an increase of 5% year-on-year.

The figures were compiled from OOIL's services in trans-Pacific, Asia/Europe, trans-Atlantic, and intra-Asia/Australasia.

“Loadable capacity increased by 9.8%, and the overall load factor was 2.6% lower than the corresponding period in 2011. Overall average revenue per teu decreased by 1.0% compared to the same period last year,” OOIL said of the first half performance.

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