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Wednesday, 20/04/2022, 12:46 (GMT +7)

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OOCL shipping line: Revenue spiked in Q1 while container volume fell

OOCL's revenue in the first quarter of 2022 increased sharply by 71% over the same period last year, exceeding USD 5.16 billion. USD.

OOCL vessel

OOCL (Orient Overseas Container Line) reported its revenue in the first quarter of 2022 increased sharply by 71% compared to the same period in 2021, surpassing 5.16 billion USD.

“This record result was achieved despite severe congestion around the network, which drove down liftings by 9.2% and loadable capacity by 6.5%,” OOCL said in its announcement.

Average total revenue per TEU increased by 88.3% year-on-year in the first quarter of last year, with OOCL's (COSCO-owned) container volume falling 9.2% to 1.79 million TEUs.

Container volume and revenue of shipping line OOCL Q1-2022

Container volume and revenue of shipping line OOCL Q1-2022 (Source: OOCL)

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Source: Phaata.com (According to ContainerNews)

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20/04/2022

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