OOIL Announces Operational Update for 3rd quarter 2019

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​​OOIL, on October 25 announced operational update for the 3rd quarter 2019.​

For the third quarter of 2019 (ended 30th September 2019), total volumes were 4.1% up from the same period last year. Total revenues increased by 5.8% to US Dollars 1,646.2 million.

Loadable capacity increased by 4.7%. The overall load factor was 0.4% lower than the same period in 2018. Overall average revenue per teu increased by 1.6% compared to the third quarter of last year.

For the first nine months of 2019 (ended 30th September 2019), total volumes increased by 3.5% over the same period last year and total revenues recorded a 6.3% growth.

Loadable capacity increased by 4.5%. The overall load factor was 0.8% lower than the same period in 2018. Overall average revenue per teu increased by 2.7% compared to the same period last year.

Sea News, October 28

Baibhav Mishra
Author: Baibhav Mishra