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Thursday, 07/07/2022, 07:15 (GMT +7)
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OOCL grows strongly in revenue but volume declines in the first half of 2022
In the first half of 2022, OOCL's total revenue recorded a growth of 61.0% but total production decreased by 7.4% year-on-year.
In the second quarter of 2022, the total revenue of OOCL (Orient Overseas Container Line) increased by 52.4% over the same period in 2021, reaching US$ 5.285 billion.
This is a record result for OOCL, and was achieved amid severe service network congestion, resulting in a 5.6% drop in liftings and a 6.1% drop in loadable capacity. OOCL recorded a 0.5% increase in overall load factor year-on-year in 2021.
According to OOCL's report, the average total revenue per TEU increased by 61.5% over the same period in 2021 due to the sharp increase in freight rates.
For the first six months of the year to June 30, 2022, OOCL's total revenue recorded a growth of 61.0% to reach US$ 10,445 billion, but total output decreased by 7.4% compared to the same period last year.
In the first 6 months of the year, OOCL's load capacity decreased by 6.3% and the overall load factor decreased by 1.1% compared to the same period in 2021. However, average revenue per TEU increased sharply by 74.0% compared to the same period last year due to a sharp increase in freight rates
Report on liftings and revenue of shipping line OOCL Q2 2022 (Source: OOCL)
Rear more:
Source: Phaata.com (According to OOCL)
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