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OOCL boosts annual revenues amid box volume decline

Orient Overseas Container Line (OOCL) reported reduced container volumes for 2022. COSCO-owned ocean carrier handled 7,129,358 TEUs, down 6% compared with the previous year.

On the other hand, OOCL’s total revenues increased significantly by 19.1% to over 18.6 billion in 2022.

“Average revenue per TEU increased by 26.7% compared to the same period last year,” noted OOCL in its statement, while the whole load factor was 1.5% lower than in 2021.

Additionally, the loadable capacity dropped by 4.3% in 2022, compared with the previous year.





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