OOIL second quarter revenue soars 107.6pc to US$1.98 billion

HONG KONG's Orient Overseas (International) Ltd (OOIL), holding company of Orient Overseas Container Line (OOCL) posted a 107.6 per cent 2021 year-on-year second quarter revenue increase to US$1.98 billion, said the company, now a Cosco unit, in a Hong Kong stock exchange filing.

Overall average revenue per container increased by 89.7 per cent compared to the second quarter of last year, said the OOIL filing.

Container liftings during the period increased 19.5 per cent year on year with intra-Asia/Australasia leading gains - up 24.3 per cent over last year. Asia-Europe was up 19.8 per cent while transpacific volumes rose 17.2 per cent.

In revenue gains, Asia-Europe led with a 183.4 per cent rise year on year, with transpacific trade rising 88.4 per cent.

Second quarter total volumes were up 15.4 per cent on last year. Loadable capacity increased by 12.4 per cent. The overall load factor was 2.2 per cent higher than the same period in 2020.

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2021/7/12 9:36:51