The Board of Directors of 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 third quarter of 2014 (ended 30th September 2014). The comparative figures for the third quart er of 2013 (ended 30th September 2013) are also disclosed in this announcement. For the third quarter of 2014 (ended 30th September 2014), total volumes were 5.3% up from the same period last year. Total revenues increased by 5.7% to US Dollars 1,518.3 million. Loadable capacity increased by 1.3%. The overall load factor was 2.9% better than the same period in 2013. Overall average revenue per teu in creased by 0.5% compared to the third quarter of last year.
For the first nine months of 2014 (ended 30th September 2014), total volumes increased by 8.4% over the same period last year and total revenues recorded a 4.8% growth. Loadable capacity increased by 2.3%. The overall load factor was 4.3% higher than the same period in 2013. Overall average revenue per teu decreased by 3.3% compared to the same period last year.