OOCL total revenues climb 1.7% in Q1 2014

For the first quarter of 2014 (ended 31st March 2014), total volumes were 8.9% up from the same period last year. Total revenues increased by 1.7% to US Dollars 1,387.5 million, the Group said in a press release.

With an increase of 3.7% in loadable capacity, the overall load factor was 3.6% higher than the same period in 2013. Overall average revenue per teu decreased by 6.6% compared to the first quarter of last year.

Orient Overseas (International) Limited (OOIL), a public company listed on the Hong Kong Stock Exchange, which is one of the world's largest integrated international container transportation, logistics and terminal companies.  As one of Hong Kong's most recognized global brands, OOCL provides customers with fully-integrated logistics and containerized transportation services, with a network that encompasses Asia, Europe, North America, the Middle East and Australia / New Zealand.