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  • 2016 July 24 12:27

    OOCL issues unaudited quarterly operational update for Q2 2016

    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.




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