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 second quarter of 2017 (ended 30 th June 2017).
The comparative figures for the second quarter of 2016 (ended 30th June 2016 ) are also disclosed in this announcement. For the second quarter of 2017 (ended 30th June 2017), total volumes were 6.6 % up from the same period last year. Total revenues increased by 23.8 % to US Dollars 1 , 405.9 million.
Loadable capacity increased by 9.6 %. The overall load factor was 2.3 % lower than the same period in 2016. Overall average revenue per teu increased by 16.2 % compared to the second quarter of last year. For the first six months of 2017 (ended 30th June 2017 ), total volumes in creased by 6.8 % over the same period last year and total revenues recorded a 15.2 % growth. Loadable capacity increased by 5.3 %.
The overall load factor was 1.2 % higher than the same period in 2016 . Overall average revenue per teu increase d by 7.8 % compared to the same period last year.