16.3 C
Hamburg
Saturday, July 11, 2020
Home News OOIL, Q2 operational update

OOIL, Q2 operational update

UNAUDITED QUARTERLY OPERATIONAL UPDATE
FOR THE SECOND QUARTER ENDED 30TH JUNE 2018

The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the second quarter of 2018 (ended 30th June 2018). The comparative figures for the second quarter of 2017 (ended 30th June 2017) are also disclosed in this announcement.

For the second quarter of 2018 (ended 30th June 2018), total volumes were 4.6% up from the same period last year. Total revenues increased by 4.0% to US Dollars 1,462.4 million. Loadable capacity increased by 4.7%. The overall load factor was at par with the same period in 2017. Overall average revenue per teu decreased slightly by 0.6% compared to the second quarter of last year.

For the first six months of 2018 (ended 30th June 2018), total volumes increased by 6.0% over the same period last year and total revenues recorded a 9.6% growth. Loadable capacity increased by 9.9%. The overall load factor was 3.1% lower than the same period in 2017. Overall average revenue per teu increased by 3.5% compared to the same period last year.

CAUTION STATEMENT

The Board wishes to remind investors that this operational update for the second quarter ended 30th June 2018 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the second quarter ended 30th June 2018. Investors are advised to exercise caution in dealing in the shares of the Company.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Seafarers in crisis and the support from Maritime Charities

In Seafarer Awareness Week – 6 to 11 July 2020 - Philip Eastell, Founder of Container Shipping Supporting Seafarers, calls for leadership, arguing that...

CMA CGM announces further rate changes out of Asia

Following its rate announcements on the 9 July, CMA CGM has more rate changes from Asia to North Africa, Mediterranean and North Europe, effective...

Maersk urges action to protect seafarers

The world’s largest container ship operator, Maersk Line has added its voice to the call for more action from the authorities following the high-level...

Bunker FFA give hopes to scrubber investors

The current differential in the cost of a tonne of Low Sulphur Fuel Oil (LSFO) and High Sulphur Fuel Oil (HSFO) averages about US$60/tonne,...

Port of Zeebrugge appoints new CEO

Port of Zeebrugge's board of directors appointed Tom Hautekiet as the new chief executive officer (CEO) of the port on 2 July. Tom Hautekiet was...