Orient Overseas (International) Limited posts Q4 2014 results

Orient Overseas (International) Limited has announces results for 2014, the company said in its press release. For the fourth quarter of 2014 (ended 31st December 2014), total volumes were 2.6% down from the same period last year. Total revenues decreased by 0.2% to US Dollars 1,398.9 million. Loadable capacity decreased by 1.3%. The overall load factor was 1.0% lower than the same period in 2013. Overall average revenue per teu increased by 2.5% compared to the fourth quarter of last year. For the full year of 2014 (ended 31st December 2014 ), total volumes increased by 5.5% over the same period last year and total revenues recorded a 3.5% growth. Loadable capacity increased by 1.4%. The overall load factor was 3.0 % higher than the same period in 2013. Overall average revenue per teu decreased by 1.9% c ompared to the same period last year.