Orient Overseas announces operational updates for OOCL for Q4 2013
Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis, the company said in its press release. This announcement sets out the unaudited operational update for OOCL for the fourth quarter of 2013 (ended 31st December 2013). The comparative figures for the fourth quarter of 2012 (ended 31st December 2012) are also disclosed in this announcement.
For the fourth quarter of 2013 (ended 31st December 2013), total volumes were 10.0% up from the same period last year. Total revenues decreased by 1.6% to US Dollars 1,401.1 million. Loadable capacity increased by 2.9%. The overall l oad factor was 4.9% higher than the same period in 2012. Overall average revenue per teu dropped by 10.5% compared to the fourth quarter of last year. For the full year of 2013 (ended 31st December 2013 ), total volumes increased by 1.5% over the same period last year and total revenues record ed a 4.9% decrease. Loadable capacity increased by 1.4%. The overall load factor was the same as the corresponding period in 2012. Overall average revenue per teu decreased by 6.3% compared to the same period last year.