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.
This announcement sets out the unaudited operational update for OOCL for the second quarter of 2016 (ended 30 th June 2016). The comparative figures for the second quarter of 2015 (ended 30th June 2015 ) are also disclosed in this announcement.
For the second quarter of 2016 (ended 30th June 2016), total volumes were 6.6 % up from the same period last year. Total revenues decreased by 16.6 % to US Dollars 1,136.0 million. Loadable capacity increased by 3.0 %. The overall load factor was 2.9 % higher than the same period in 2015. Overall average revenue per teu decreased by 21.8 % compared to the second quarter of last year.
For the first six months o f 2016 (ended 3 0th June 2016 ), total volumes increased by 5.5 % over the same period last year and total revenues recorded a 16.9 % drop. Loadable capacity increased by 4.6 %. The overall load factor was 0.7 % higher than the same period in 2015. Overall average revenue per teu decreased by 21 .2 % compared to the same period last year.