OOCL's revenue decreased in Q1 2024 despite container volume growth
In the first quarter of 2024, shipping line OOCL decreased its total revenue by 9% over the same period, however, its total container throughput increased by 3.4% to 1.8 million TEU.
OOCL container ship (Source: OOCL)
According to a report by OOCL (Orient Overseas Container Line), in the first quarter of 2024, the company's total revenue decreased by 9% over the same period last year to 2 billion USD.
However, its total container throughput increased by 3.4% to 1.8 million TEU, with load capacity also increasing by 2.2%. Besides. Overall load factor increases by 0.9% over the same period in 2023.
OOCL said average revenue per TEU decreased by 12% compared to the first quarter of the previous year.
OOCL's liftings and revenue report in Q1/2024 (Source: OOCL)
Read more:
- OOCL's revenue fell sharply in 2023 despite container liftings growth
- OOCL launches its first eco-friendly container vessel in 2024: The 24,188 TEU OOCL Valencia
Source: Phaata.com (According to OOCL)
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