OOIL sees huge revenue and TEU traffic spike

Fremantle, Australia - March 9, 2015: OOCL Norfolk loading/unloading cargo containers on a bright sunny day at the Patrick North Quay berth in Fremantle Port’s Inner Harbour.

Orient Overseas International Line (OOIL) saw its revenues and volumes increase by 119% and 15.4% year-on-year (YoY) respectively in Q2 2021 as the carrier profit boom shows no sign of slowing down.

In its latest financial results, the carrier said its loadable capacity rose by 12.4% and revenue per TEU by 89.7% YoY.

For the first six months ended 30th June 2021, total volumes increased by 19.5% over the same period last year and total revenues recorded a 107.6% growth. Loadable capacity increased by 13.7%.

The overall load factor was 4.2% higher than the same period in 2020. Overall average revenue per TEU increased by 73.8% compared to the same period last year.

Measured by region, revenue rose most in Asia/Europe during Q2, where volumes rose by 203.6%. Intra-Asia/Australasia was the second-best performing region and enjoyed an increase of 110.3%.

Its TEU traffic grew in all regions in Q2 except Trans-Atlantic, where handlings fell by 2.8% YoY. The best performing region was Intra-Asia/Australasia, which grew by 20.5% and the second-best was Asia/Europe, where volumes jumped 19.4%.

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