16.4 C
Hamburg
Wednesday, June 4, 2025
Home News OOCL reports strong results in 2024 third quarter

OOCL reports strong results in 2024 third quarter

Orient Overseas Container Line (OOCL) has announced that its third-quarter revenues increased by 73.7% to US$3 billion.

At the same time, the COSCO-owned carrier’s total liftings increased by 3.6% to 1.9 million TEUs and the loadable capacity decreased by 1.6%. The overall load factor was 4.2% higher than the same period in 2023, while overall average revenue per TEU increased by 67.6% compared to the third quarter of last year.

Additionally, for the first nine months of 2024, OOCL’s total revenues increased by 23.4% to US$7.3 billion and total liftings increased by 2.6% to 5.6 million TEUs over the same period last year. Loadable capacity decreased by 1%, while the overall load factor was 3% higher than the same period in 2023. Average revenue per TEU increased by 20.3% compared to the the first three quarters of the previous year.





Antonis Karamalegkos
Managing Editor

Latest Posts

ORBCOMM unveils new container visibility tool

ORBCOMM has announced the launch of CrewView, an onboard visibility solution designed to give vessel crews real-time access to data from smart refrigerated and...

SAAM-Enap partnership: Latin America’s first electric tug en route to Chile

Latin America’s first fully electric tugboat has officially set sail from Tuzla, Turkey, on a 45-day journey to Puerto Montt, Chile. From there, it will...

Singapore and France sign enhanced maritime partnership agreement

French Minister for Transport Philippe Tabarot and Singapore’s Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow signed an Enhanced...

CMA CGM, DP World Ramp Up Investment Amid Global Trade Turbulence

As global trade fragments under the weight of geopolitical tensions, French shipping group CMA CGM and UAE-based logistics company DP World are positioning themselves...

AD Ports establishes Tbilisi Intermodal Hub in Georgia

AD Ports Group has announced the inauguration of the first phase of Tbilisi Intermodal Hub, Georgia's first modern, bonded container and intermodal terminal, and...
error: Content is protected !!