Hong Kong’s Orient Overseas Container Line saw total container volumes rise 4.6% as revenue shadowed the rise with a 4% boost to US$1.46bn.
The overall load factor was at par with the same period in 2017. Overall average revenue per teu fell slightly by 0.6% compared to the second quarter of 2017.
During the first half of the year, total volumes grew 6% over the same period last year as total revenues increased 9.6% and loadable capacity surged 9.6%. The overall load factor was down 3.1% as overall average revenue per teu incresaed by 3.5% compared to the first half of 2017.
During the first half of 2018 the star performing trade routes were Asia/Europe which saw liftings increase 16.7% to 637,773 teu with an accompanying lift in revenue to US$583.9m. The Trans-Pacific route saw liftings increase 11.3% to 963,173 teu as revenue surged 14.9% to US$971.71m. The Intra-Asia/Australasia trade route saw liftings decline 0.3% to 1.461m teu as revenue increased 5.3% to US$895.47m.