Recent Q2 results released by Orient Overseas Container Line (OOCL) reflect the general year-on-year trend in the shipping industry – volumes down and revenues up.
According to a statement just released, for the second quarter ended 30 June total volumes were 4.6% down compared to the same period last year. Total revenues however increased by 1.1% to US$1,583.8 million. Loadable capacity decreased by 6.4% and the overall load factor was 1.6% higher. Overall average revenue per TEU increased by 5.9%.
Looking at a tally for the first six months of the year, total volumes decreased by 2.6% while total revenues were up 3.2%. Loadable capacity decreased by 4.2% while the overall load factor was 1.3% higher than the same period in 2019. Overall average revenue per TEU increased by 6.0%.