OOCLs Revenues Slip

zoom Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) saw a 2.1% dip in total container shipping volumes in the second quarter of 2015 when compared to the same period last year. Total revenues decreased by 9.3% to USD 1,362.4 million. Loadable capacity increased by 7.1%, whereas the overall load factor was 6.8% lower than the same period in 2014. Overall average revenue per teu decreased by 7.4% compared to the second quarter of last year, the company said. OOCL recorded the biggest fall on its service from Asia to Europe, posting 28.1 % loss, followed by Intra-Asia/Australasia service with a 6.4 % decrease and Trans-Pacific and Trans Atlantic services with 3% decrease each, totaling in average 9.3 % dip in total revenue. For the first six months of 2015 (ended 30th June 2015), total volumes decreased by 2.3% over the same period last year and total revenues recorded a 6.4% drop. The container lines loadable capacity increased by 2.8%, whereas the overall load factor was 3.8% lower than the same period in 2014. The reports shows that the overall average revenue per teu decreased by 4.2% compared to the same period last year.