ORIENT Overseas Container Line saw a significant decrease in total revenues in the three months through 30 September, according to an announcement to the Stock Exchange of Hong Kong from Orient Overseas (International).
For the quarter through 30 September, total revenues for OOCL decreased by 65.1% compared with the same period last year. The company’s third-quarter 2023 revenue came to US$1.76 billion.
Total liftings increased by 6.7% and the company’s loadable capacity increased by 13.6%. The overall load factor was 5.1% lower than the same period in 2022.
Overall average revenue per TEU decreased by 67.3% compared with the third quarter of last year.
For the first nine months ended 30th September 2023, OOCL’s total revenues decreased by 61.8% over the same period last year.
Total liftings increased by 1.5% and the loadable capacity increased by 7.6%. The overall load factor was 4.8% lower than the same period in 2022.
Average revenue per TEU decreased by 62.4% compared to the same period last year.