[280419.EN.BIZ] Cosco's OOCL First Quarter Revenue Up 2.3pc To US$1.46 Billion

HONG KONG's Orient Overseas Container Line (OOCL), now a Cosco unit, has declared its first quarter revenue increased 2.3 per cent to US$1.46 billion.

Average revenue per TEU increased 4.2 per cent year on year to 441,184,000 TEU in the first quarter, said OOCL in a Hong Kong stock exchange filing.

On the transpacific, liftings declined 3.6 per cent while revenue per box was up 5.6 per cent to US$558.4 million.

On the Asia-Europe run, liftings were up 7.5 per cent while revenue per box was up 5.6 per cent to US$558.4 million.

On the transatlantic, liftings were up 13.4 per cent year on year to 116,822,000 TEU while revenue per box was up $120.8 million, an increase of 16.3 per cent.

In intra-Asia trade, liftings were up 0.8 per cent year on year to 722,318,000 TEU million while revenue per box was up two per cent.

All service liftings increased 0.8 per cent year on year to 1,605,564,000 million TEU while revenues per box came in at $1.6 billion.

Source : HKSG.