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 2017 (ended 30th September 2017).
The comparative figures for the third quarter of 2016 (ended 30th September 2016 ) are also disclosed in this announcement. For the third quarter of 2017 (ended 3 0th September 2017 ), total volumes were 5.0 % up from the same period last year. Total revenues in creased by 2 6.5 % to US Dollars 1,453.4 million. Loadable capacity increased by 9.0 %. The overall load factor was 3.0 % lower than the same period in 2016.
Overall average revenue per teu increased by 20.6 % compared to the third quarter of last year. For the first nine months of 2017 (ended 3 0th September 2017 ), total volumes in creased by 6.2 % over the same period last year and total revenues recorded a 19.0 % growth. Loadable capacity in creased by 6.6 %. The overall load factor was 0.3 % lower than the same period in 2016 . Overall average revenue per teu increased by 12.1 % compared to the same period last year.