OOIL announces Operational update for 4Q 2018

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For the fourth quarter of 2018 (ended 31st December 2018), total volumes of Orient Overseas (International) Limited were 6.4% up from the same period last year. Total revenues increased by 13.5% to US Dollars 1,566.5 million.

Loadable capacity increased by 6.1%. The overall load factor was 0.2% higher than the same period in 2017. Overall average revenue per teu increased by 6.7% compared to the fourth quarter of last year.

For the full year of 2018 (ended 31st December 2018), total volumes increased by 6.3% over the same period last year and total revenues recorded a 9.9% growth. Loadable capacity increased by 7.4%. The overall load factor was 0.8% lower than the same period in 2017.

Overall average revenue per teu increased by 3.4% compared to the same period last year.

Sea News, January 28