OOCL revenues in the third quarter were up much more sharply than cargo volumes, according
to its parent Orient Overseas (International) Ltd.
The Hong Kong-based carrier had revenue of $1.6 billion in the third quarter ending Sept. 30, a 10.9 percent increase over the same 2011 period when it reported revenue of $1.4 billion. Volume was 1,360,870 TEUs during the quarter, an increase of 3.4 percent over the third quarter of 2011.
Overall, revenue per TEU in the third quarter of 2012 was up 7.2 percent compared to the third quarter of 2011.
Revenues in the first nine months of this year were $4.47 billion, 7 percent more than in the first nine months of 2011. Volume in the first nine months of 2012 was 3.9 million TEUs, 5.1 percent more than in the first nine months of last year.
By trade lane, third quarter revenues were $540 million in the transpacific, 11.2 percent more than in the same 2011 period; $341 million in the Asia-Europe trade, up 25.3 percent; $165 million in the transatlantic, down 6 percent; and $551 million for intra-Asia/Australasia, up 8.6 percent.
The company had volume increases on all trade lanes in the third quarter, except the transatlantic where volumes fell 1.3 percent. Compared to the third quarter of 2011, transpacific volumes were up 3.2 percent, Asia-Europe volumes were up 4.7 percent, and intra-Asia/Australasia volumes were up 3.9 percent. - Chris Dupin