HONG Kong’s OOCL has reported a significant turnaround in this year’s second quarter, compared to 2025, and has also reversed a pretty dire first quarter.
For the second quarter ended 30 June 2026, the COSCO subsidiary’s liner revenue increased by 19.8% to USD 2,537.0 million, as compared with the same period in 2025. This was also in stark contrast to Q1 7.6% decline.
Q2 2026 total liftings increased by 8.8% and the loadable capacity increased by 6.3%. The overall load factor increased by 1.9% compared to the same period in 2025. Overall average liner revenue per TEU increased by 10.1% compared to the second quarter of last year.
For the first six months ended 30 June 2026, OOCL liner revenue and total liftings increased by 5.5% and 5.2% over the same period last year, respectively. Loadable capacity increased by 5.3%.
The overall load factor decreased by 0.1% compared to the same period in 2025. Overall average liner revenue per TEU increased by 0.2% compared to the same period last year.
Total (all trades) liftings for Q2 2026 were 2,135,174 TEU compared to 1,962,850 TEU last year, while revenue improved from USD 2,118,121 million in Q2 2025 to 2,536,993 million this year.
For the Inter-Asia/Australasia route, Q2 loadings this year were up 3.9% to 989,215 TEU while revenue was up a notable 16.8% to USD 850,841,000.
Comparing first halves, OOCL’s liftings rose 8.7% to 4,131,826 TEU this year and revenue was up 5.55% to USD 1,599,500,000.
As usual, the directors offered no commentary on the figures and cautioned that they are internal records and have not been externally audited.