13.1 C
Hamburg
Thursday, June 5, 2025
Home News OOCL enjoys volume and revenue growth

OOCL enjoys volume and revenue growth

For the fourth quarter of 2019, OOCL’s total volumes were 4.8% up from the same period last year, according to the company’s release.

OOCL says that total revenues increased by 2.3% to US$1.60 billion, while loadable capacity increased by 2.6%. In addition, the overall load factor was 1.8% higher than the same period in 2018 and overall average revenue per TEU decreased by 2.4% compared to the fourth quarter of last year, according to the announcement.

OOCL adds that for the full year of 2019, total volumes increased by 3.8% over the same period last year and total revenues recorded a 5.2% growth. The company, also, reports that loadable capacity increased by 4.0%, the overall load factor was 0.1% lower than the same period in 2018 and overall average revenue per TEU increased by 1.3% compared to the same period last year.





Latest Posts

We Asked AI: AI robots handling shipping operations

Artificial intelligence robots are increasingly being used to control and optimize shipping operations across global ports and logistics hubs. These advanced systems manage tasks such...

China’s military posturing affects shipping realignments in Indian Ocean

As China continues its assertive military drills across key Indo-Pacific maritime routes, ripples of geopolitical tension intersect with dramatic shifts in maritime trade logistics. The...

MAN Energy Solutions rebrands as Everllence

MAN Energy Solutions has officially rebranded to Everllence, marking a pivotal step in the company’s strategic evolution. The new global identity underscores its expanding role...

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...
error: Content is protected !!