Slight Dip in OOCLs Total Volumes

zoom Hong Kong-based Orient Overseas Container Line (OOCL) recorded lower total volumes in the first quarter of 2015, ended 31st March 2015. The total volumes were 2.5% down from the same period last year, the companys quarterly report shows. Total revenues decreased by 3.2% to USD 1,343.4 million. With a decrease of 1.6% in loadable capacity, the overall load factor was 0.7% lower than the same period in 2014. Overall average revenue per teu decreased by 0.7% compared to the first quarter of last year, the company said. The most significant volume dip was recorded in OOCLs Trans-Atlantic service network amounting to 7%, followed by Trans-Pacific with 5% loss and Intra-Asia/Australasia with 3.3 % dip. On the other hand, the companys Asia/Europe services posted 6% in volume increase. OOCL is set to become the proud of owner of the biggest box ships in the world with the recent order for construction of six 20,000 TEU containerships at Korean shipbuilder Samsung Heavy Industries. The order is worth a total of approximately USD 951.6 million, with USD 158.6 million assigned for each vessel. The vessels are expected to be delivered in 2017. World Maritime News Staff