OOCL surpasses US$5 billion revenue in 2022 Q3 amid container volume drop
COSCO-owned container line Orient Overseas Container Line (OOCL) has announced its total revenues increased by 16.9% in the third quarter of the year, compared with 2021 same period, surpassing US$5 billion.
At the same time, the carrier’s total liftings and loadable capacity decreased by 3.4% and 1.8% respectively. The overall load factor was 1.4% lower than in the same period in 2021, while overall average revenue per TEU increased by 21.1% compared to the third quarter of last year.
OOCL reported that for the nine months ended on 30 September 2022, total revenues recorded growth of 43.4% and total liftings decreased by 6.2% over the same period last year. During the same period, the company’s loadable capacity decreased by 4.9% and its overall load factor was 1.2% lower than in the same period in 2021. OOCL’s average revenue per TEU increased by 52.9% compared to the same period last year.