ORIENT Overseas Container Line (OOCL) has seen second quarter financial results slide year-on-year, although liftings and capacity both increased. However, the picture was much brighter for the first half of 2025.
For the second quarter ended 30 June 2025, liner revenue decreased by 6.5% to USD 2,118.1 million, as compared to the same period in 2024.
Total liftings increased by 4.4% and the loadable capacity increased by 7.5%. The overall load factor was 2.4% lower than the same period in 2024. Overall average revenue per TEU decreased by 10.4% compared to the second quarter of last year.
For the first six months ended 30 June 2025, liner revenue increased by 4.4% and total liftings increased by 6.8% over the same period last year. Loadable capacity increased by 8.0%. The overall load factor was 0.9% lower than the same period in 2024. Average revenue per TEU decreased by 2.2% compared to the same period last year.
In the Intra-Asia/Australasia segment, liftings well-exceeded the all-trades averages and revenues were even further ahead.
Liftings rose 7.9% year-on-year for Q2, from 881,935 TEU to 951,940 TEU, while comparison of the 1H showed a 7.7% increase, from 1,745,354 TEU in 2024 to 1,879,143 TEU this year.
Revenue for Intra-Asia/Australasia also registered significant gains. Q2 2025 racked up a 9% lift over Q2 2024, USD 728,160,000 versus USD 668,310,000 and 1H 2025 saw an even more impressive 16.2% gain, from USD 1,266,694,000 in 2024 to USD 1,471,471,000 this year.
As always, the OOCL Board reminded investors that this operational update for the second quarter ended 30 June 2025 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor.