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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 (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 (Source: OOCL)
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Source: Phaata.com (According to ContainerNews)
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